Events of 1978

Camp David Peace Treaty Egypt makes peace with Israel 

After 30 years The Volkswagen Beetle stops production having manufactured 20 million cars 

Worldwide Unemployment rises after several decades of near full employment 

Gold reaches an all time high of $200.00 per ounce 

The US Dollar pluges to record low against many European currencies 

The Japanese car Imports account for half the US import market following the energy crisis and increase in fuel prices that fuels demand for economy cars

Sweden becomes the first nation to ban aerosol sprays that are thought to damage earth's protective ozone layer

Serial killer David Berkowitz, the "Son of Sam," is sentenced to 25 years to life in prison

The US stops production of the Neutron Bomb ( Kills People but leaves buildings and infrastructure standing )

The first Susan B. Anthony Dollar is minted

The Cult leader Jim Jones instructed 400 members of his church, "People's Temple", to commit suicide 

Israel attacks on southern Lebanon following bus hijacking in Tel Aviv 

A powerful magnitude 6.5 earthquake hits Thessaloniki, Greece 

Pope 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, 1978 

Cardinal Karol Wojtyla becomes Pope John Paul II 

Worlds Population Estimated at 4.4 billion 

Karl Wallenda, founder of the Flying Wallendas, dies after falling off a tight-rope

 

Costs in 1978

 

Cost of a new home:	$62,500.00
Cost of a new Camero Z28	$ 6,326
Median Household Income:	$15,064.00
Cost of a first-class stamp:	$0.13 ($0.15 as of 5/29/78)
Cost of a gallon of regular gas:	$0.63
Cost of a dozen eggs:	$0.82
Cost of a gallon of Milk:	$1.71

 

 

 

The best class ever of all time graduated from Oakland High School, Oakland Iowa.