1974 Inflation continues to spiral out of control
around the world reaching 11.3% in the USA and 17.2% in the UK and the
global recession deepens. The famous skeleton "Lucy" is discovered
in Ethiopia which lived between 3.9 to 3 million years ago. More and more
smaller digital based consumer products appear in the shops and the earliest
forms of Word Processors appear which resemble a typewriter more than
a computer. After the findings of the Watergate Scandal Richard Nixon
becomes the first US president forced to resign from office.
Cost of Living 1974
How Much things cost in 1974
Yearly Inflation Rate USA 11.3%
Year End Close Dow Jones Industrial Average 616
Average Cost of new house $34,900.00
Average Income per year $13,900.00
Average Monthly Rent $185.00
Cost of a gallon of Gas 55 cents
Average cost new car $3,750.00
Samsonite Case $62.00
What Events Happened in 1974
IRA begins
bombing campaign on mainland Britainand bombs The Tower of London and
the Houses of parliament and pubs in Birmingham
Richard Nixon
becomes the first US president forced to resign after the Watergate
Scandal
Worldwide Inflation
helps to cause dramatic increases in the cost of fuel, food and manufacturing
Sears Tower
in Chicago becomes the worlds tallest building
The Global Recession
Deepens
Gasoline shortages
and price increases throughout the world help to cause problems in most
of the western worlds economies
Governments and
people around the world spend more time debating the use of Nuclear
Energy to combat problems with Oil Prices and Supply
Estimate of The
Worlds Population reaches 4 billion
Smallpox Epidemic
in India causes the deaths of between 10,000 and 20,000 people
Henry Kissenger
convinces Syria and Israel agree to a ceasefire on the Golan Heights
Patricia Hearst
Kidnappers Demand $70 of food be given to every needy Californian
In response to
the energy crisis, daylight saving time commences nearly four months
early in the United States.
Charles de Gaulle
Airport opens in Paris, France.
The largest series
of tornadoes in history, hits 13 U.S. states and one Canadian
province. By the time the last of 148 tornadoeshit early the following
morning, 315 died and over 5,000 were injured.
British Coal Miners
join many other unions striking for higher wages
India successfully
detonates its first nuclear weaponbecoming the sixth nation to do so.
Cyclone Tracy
almost completely destroys Darwin, Australia
Famine caused
by drought threatens millions in Africa
The French President
Georges Pompidou dies while in Office
Following a crippling
strike, Northern Ireland's first power-sharing assembly collapses
Work begins on
the 800 mile long Alaska Oil pipeline
Bloodless Military
coup led by General Antoniio de Spinola, in Portugal
President Isabela
Peron ( Evita ), Juan Peron's third wife, becomes President of Argentina
when her husband died.
West Germany
Wins 1974 World Cup in West Germany
Soviet authorities expel Alexander Solzhenitsyn
revoking his Russian citizenship
Popular Culture 1974
Popular Films
The Sting
The Exorcist
Papillon
Herbie Rides Again
Blazing Saddles
The Great Gatsby
Serpico
Death Wish
The Godfather, Part II
Murder on the Orient Express
Popular Musicians
ABBA
Beach Boys
David Bowie
Carpenters
Eric Clapton with " I Shot The Sheriff
"
Alice Cooper
Deep Purple
Donovan
Ella Fitzgerald
Genesis
Grateful Dead
Joni Mitchell
Van Morrison
Dolly Parton
Queen
Minnie Riperton
Roxy Music
Sparks
Supertramp
Jethro Tull
The Velvet Underground
Barry White
Paul McCartney with " Band on the Run
"
Stevie Wonder
Popular TV Programs
Kung Fu
The Price Is Right
The Waltons
Kojak
Last of the Summer Wine
The Six Million Dollar Man
Technology 1974
MRI Scanner(
Magnetic Resonance Imaging } developed USA
Australopithecus afarensiswas discovered in
Ethiopia and is a hominid which lived between 3.9 to 3 million years
ago belonging to the genus Australopithecus, They named the skeleton
"Lucy"
After 84 days in space, the last crew of the
temporary American space station Skylabreturn to Earth
Pocket calculatorsstart to appear in shops
Offices start using a very primitive word
processor that resembles a typewriter
Lucyan almost complete hominid skeleton over
3 million years old is discovered in Africa
The first use of UPC or Universal product
Code BAR CODEUPC scanner installed in Marshes Supermarket in Troy Ohio
( check 1952 for first bar code use not UPC ) or the standard used today
Inventions Invented by Inventors and Country
( or attributed to First Use )
