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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 tornadoes hit 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 )
- Kevlar USA by Stephanie Kwolek )
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