You are taking 1, one time; so the answer is 1.
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1^2 = 1X1 = 1 ft
If x (times sign) is a deceptive binary operator which seems to be a multiplication function but is instead some arbitrary binary function that returns 2 when its arguments are 1 and 1. Seriously though, 1x1 does not equal 2, not even in other bases.
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1x1=1; 1+1=2
1 to the power of 480 is equal to 1. This is because you are multiplying 1x1 480 times. Thus, 1 to the power of ANY number will always be equal to 1.