The Good Ol' Days 1973-1980

By Jericac21
  • Period: to

    Average Monthly Rent was about $108

  • Period: to

    Average monthly electricity bill was about $117.57

  • Bruce Lee becomes a famous actor

    Staring in Enter the Dragon, The Green Hornet, Circle of Iron, Game of Death,and many more.

  • Minimum wage was $1.60

  • Average cost of a doctor visit was about $474

  • Kit Bond was the Missouri Governor

    Kit Bond became the Missouri Governor until 1977. Then re-entered office in 1981.

  • Oil Embargo

    OPEC imposed an oil embargo on the US for supplying Israel during war. The embargo banned the exporting of oil and made a cut in productions. This raised inflation by raising oil prices. Speed limits were reduced to save gas.
  • Period: to

    Richard M. Nixon becomes President of the United States

    President Nixon was charged with obstruction of justice and abuse of power, in the Watergate break-in investigation. He ended up resigning on August 9, 1974
  • Period: to

    A period of Recession

    Inflation tripled in 1973, rising from 3.4% to 9.6%. It remained between 10% and 12% from February 1974 through April 1975. Unemployment peaked at 9% in May 1975, two months after the recession ended. (Stagflation - a combination of stagnant economic growth, high unemployment, and high inflation. It's an unnatural situation because inflation is not supposed to occur in a weak economy)

  • Fleetwood Mac gets big in the music industry

    Began putting out work in the early 70's, songs such as Landslide, Dreams, and Tango in The Night.

  • Superbowl VIII

    Held at Rice Stadium, in Miami Florida.
  • Period: to

    Gerald R. Ford takes over presidency

  • AC/DC began releasing hit songs and albums

    Such as Highway to Hell, High Voltage, Dirty Deeds Done Dirt Cheap, Powerage, Let There Be Rock, T.N.T and hundreds more.

  • Minimum wage was $2.10

  • College Tuition (annually) - $7,833

    Average cost of attending any four year university.

  • The Home Disclosure Act of 1975 (HMDA)

    This act encourages banks and S&Ls to lend mortgage money in low-income areas and requires banks and S&Ls to document their lending practices.

  • Superbowl X

    Held at the Orange Bowl, in Houston Texas.

  • United States of America Bicentennial Year

    The U.S. celebrates the 200th birthday of our country.
  • Period: to

    Jimmy Carter becomes the U.S. President

  • Period: to

    Missouri Governor - Joseph P. Teasdale

  • Diane Keaton rises to fame

    Staring in the movies Annie Hall, Manhattan, Looking for Mr.Goodbar, Interiors, and many more.

  • The U.S. signs the Nuclear Proliferation Pact

    The Nuclear Proliferation Pact is an agreement to stop or lower the speed of nuclear weapons/ technology. This act was also signed by 14 other countries to help it come into action.

  • The United States introduces the first Female American Astronauts

    They included Shannon Lucid, Margaret Rhea Seddon, Kathryn Sullivan, Judith Resnik, Anna Fisher, and Sally Ride.Sally Ride became the first American woman in space in 1983, Kathryn Sullivan became the first American woman to perform a spacewalk, and Shannon Lucid became the first American woman to visit the Mir space station.

  • Minimum wage was $3.10

  • The Winter Olympics

    Opened in Lake Placid, New York.