| 1978 Following on from the oil crisis Japanese 
        car Imports account for half the US import market. The first first ever 
        Cellular Mobile Phone is introduced in Illinois and Space Invaders appears 
        in arcades Launching a Craze for Computer Video Games . Sweden is the 
        first country in the world to recognize the effect of aerosol sprays on 
        the Ozone Layer and bans the sale. The Serial killer David Berkowitz, 
        "Son of Sam," is convicted of murder after terrorizing New York 
        for 12 months. 1978 is also a great year for movies with Greace, Saturday 
        Night Fever and Close Encounters of the Third Kind all showing in Movie 
        Theatres around the world.  Cost of Living 1978
 How Much things cost in 1978
 Yearly Inflation Rate USA 7.62%
 Year End Close Dow Jones Industrial Average 805
 Interest Rates Year End Federal Reserve 11.75%
 Average Cost of new house $54,800.00
 Average Income per year $17,000.00
 Average Monthly Rent $260.00
 Cost of a gallon of Gas 63 cents
 1LB of Bacon $1.20
 Dozen Eggs 48 Cents
 
 
 What Events Happened in 1978
 
        Camp David Peace 
          Treaty Egypt makes peace with IsraelPublic Service strikes in UK 
          causes major disruption to all servicesAfter nearly 30 years The Volkswagen Beetle 
          stops production having manufactured 20 million carsWorldwide Unemployment rises after 
          several decades of near full employmentGold reaches an all time high of $200.00 
          per ounceThe US Dollar plunges to record low 
          against many European currenciesThe Japanese car Imports account for 
          half the US import market following the energy crisis and increase in 
          fuel prices that fuels demand for economy carsThe European Court of Human Rights finds the 
          United Kingdom government guilty of mistreating prisoners in 
          Northern Ireland Sweden becomes the first nation to ban aerosol 
          sprays that are thought to damage earth's protective ozone layer.Rhodesia's prime minister 
          Ian Smith and three black leaders agree on the transfer to black majority 
          rule.The oil tanker Amoco Cadiz runs aground 
          on the coast of Brittany. Causing an ecological disaster with A 
          slick 18 miles wide and 80 miles long covered about 200 miles (320 km) 
          of Brittany coastlineSerial killer David Berkowitz, the "Son 
          of Sam", is sentenced to 25 years to life in prisonThe US stops production of the Neutron Bomb 
          ( Kills People but leaves buildings and infrastructure standing )The first Susan B. Anthony Dollar is 
          mintedThe Cult leader Jim Jones instructed 
          400 members of his church, "People's Temple", to commit suicideIsrael attacks on southern Lebanon following 
          bus hijacking in Tel AvivA powerful magnitude 6.5 earthquake hits Thessaloniki, 
          GreeceDue to poor Cold War Relations United 
          States bans sale of latest computer technology to Soviet UnionPope Paul VI dies at age 
          of 80.John Paul I Becomes Pope from August 
          26, 1978 and dies just 33 days later on September 28, 1978Cardinal Karol Wojtyla becomes Pope John 
          Paul IIBritain launches the Motability 
          scheme to provide cars for disabled peopleWorlds Population Estimated at 4.4 billionDominica Gains Independence 
          From Great BritainKarl Wallenda, founder of the Flying 
          Wallendas, dies after falling off a tight-ropeArgentina Wins 1978 World Cup 
          in Argentina
 Popular Culture 1978 
        Record company EMI sacks the controversial 
          UK punk rock group the Sex Pistols. Star Wars opens in cinemas and filmgoers line 
          up for hours to see it "Never Mind The Bollocks Here's The Sex 
          Pistols" is released The Clash release their first album "The 
          Clash " Perhaps most important in Popular Culture 
          is the development of punk music. from groups like the Ramones, Iggy 
          Pop's ,Clash , Elvis Costello, The Stranglers, and the Sex Pistols. Popular Films 
        Grease 
Saturday Night Fever 
Close Encounters of the Third Kind 
National Lampoon's Animal House 
Jaws 2 
Heaven Can Wait 
Star Wars Episode IV: A New Hope 
Revenge of the Pink Panther 
The Deer Hunter 
 Popular Musicians 
        Bee Gees with 
          " Night Fever and Stayin Alive " 
Paul McCartney and Wings 
John Travolta and Olivia Newton-John 
Rolling Stones 
Commodores with " Three Times a Lady 
          " 
Boomtown Rats  Popular TV Programs 
        Happy Days
Little House on the Prairie 
The Rockford Files 
Good Morning America 
Saturday Night Live 
Wheel of Fortune 
Charlie's Angels 
Quincy, M.E. 
The Muppet Show 
CHiPs 
The Love Boat 
Three's Company 
 Technology 1978 
        Illinois Bell 
          Company introduces first ever Cellular Mobile Phone SystemSpace Invaders Launches Craze for Computer 
          Video GamesThe first computer bulletin board system BBS 
          is created98% of all American homes have a televisionFirst Test Tube Baby is born in England 
          a girl Louise Brown, from in vitro fertilization
 Inventions Invented by Inventors and Country 
        ( or attributed to First Use )
 
        In Vitro Fertilisation England "the First 
          test tube baby is born" |