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SuperBowl V
Baltimore Colts-16 Dallas Cowboys- 13. One of the greatest economic events of the year raising over 1,000,000 dollars. -
Social Security
20% increase to social security signed into law. -
Dollar
10% devaluation of the U.S. dollar announced. -
Stock Market
Stock market requirments cut from 65% to 50% -
Federal Reserve
Federal reserve discount cut from 7-3/4% to 7-1/4 percent. -
prime rate
Prime rate lowered to 7%. -
Strike
Union Miner workers strike until march 3rd of next year. -
minimum wage
Minimum wage increased to 2.65 an hour. -
Minimum wage
Minimum wage increases to 2.90 dollars per hour. -
Mortgage
FHA mortgage raised to 14% -
Ronald Regan
Ronald Regan Inagurated as 40th president. -
Unemployment
U.S. unemployment rate reaches 9.4% -
Public power supply
The Washington Public Power Supply System defaulted on $2.25 billion in bonds, creating the largest municipal default in U.S. history. -
Va Loans
Maximum rate on VA loans rasied from 12-1/2 to 13 percent. -
Mortgage rates fall
Conventional mortgage rates fell to 12.03 percent average--the lowest since October 1979. -
Dow Jones
Dow Jones Industrials close above 1700 for the first time. -
U.S. Dollar
U.S. dollar falls to post WW II low--148.5 yen to the dollar. -
California minimum wage
California's minimum wage raised from $3.35 to $4.25. -
Prime rate
Most major banks cut prime rate to 10-1/2 percent. -
California gas rate
California gasoline and diesel fuel tax increase of 5 cents per gallon