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Chimú Empire conquered by troops of the Inca

End of term for Regent of Sweden Jöns Bengtsson Oxenstierna. He is replaced by Erik Axelsson Tott.

19 October - The Thirteen Years' War ended with the Second Treaty of Toruń. Gdansk Pomerania and Prussia as a whole was incorporated into Poland; the Teutonic Knights were allowed to rule its eastern part as Polish vassals.

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February 11 - Elizabeth of York, queen of Henry VII of England (died 1503)

June 18 - Ottaviano Petrucci, Italian music printer (died 1539)

September 9 - Ashikaga Yoshitane, Japanese shogun (died 1523)

October 27 - Erasmus, Dutch philosopher (died 1536)

November 30 - Andrea Doria, Italian naval leader (died 1560)

Francesco II of Gonzaga, Marquis of Mantua (died 1519)

Moctezuma II, Aztec ruler of Tenochtitlán (died 1520)

Alonso de Ojeda, Spanish conquistador and explorer (died 1515)

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December 13 - Donatello, Italian artist (born 1386)

Benedetto Accolti, Italian jurist and historian (born 1415)

Johann Fust, German printer

Francesco I Sforza, Duke of Milan (born 1401)