The Year was 1973.
The inflation rate had fallen to about 6.75 percent and the UK inflation rate was 8 percent.
United States President was still Richard Millhouse Nixon, but not for long.
The US population was about 208 million and our life expectancy was about 70 years.
The murder rate was hovering around 8.5 murders per 100.
The Median Household Income was about $12,900 dollars for the average laborer.
The Minimum Wage in 1973 was $1.60 per hour, the equivalent of $9.05 per hour in 2018 dollars. That’s an effective drop of 56 cents an hour in buying power compared to 1972.
A new house would cost you about 32,500 dollars and if you rented a two bedroom the average monthly rent for that was around $175.
Groceries were beginning to rise slightly. Bacon was 75 cents a pound and eggs 45 for a dozen. A pork roast would cost you about 59 cents for a pound and a tv dinner was 35 cents.
A gallon of milk cost about $1.25 and a loaf of bread was approximately 70 cents. You could get a fresh turkey for 70 cents a pound and potatoes were about one dollar for a ten pound bag. If you wanted ground beef it was about 98 cents a pound and fresh strawberries could be had for about 31 cents a pound.
Sending a letter across the country would cost you $.08 in postage.
A gallon of gas cost about 36 cents.
The top selling car was the Chevy, but Buick was making strides right down the street.
We were wearing a lot of thigh high boots and micro minis were still the order of the day as well as giant bell bottoms.
Top News for 1973
- Roe v Wade makes abortion a right.
- Chrysler and other US car makers close a number of plants affecting 100,000 workers
- US troops leave Vietnam.
- The wide ranging Endangered Species Act of 1973 is signed into law to “protect species and the ecosystems upon which they depend.”
- Skylab, the United States’ first space station, is launched
- Concorde cuts flying time across the Atlantic in half flying at average speed of 954 mph
- Five White House operatives are arrested for burglarizing the offices of the Democratic National Committee the start of the Watergate Scandal. President Nixon goes on trial with the statement “I am not a crook.”
Richard Nixon – “I’m not a crook.”
The Endangered Species Act of 1973
Products Introduced in 1973
- Breath Savers
- Canon EF camera
- Dawn dish soap brand
- Ford E300 Cargo Van
Dawn Dish Soap, 1970s
1973 Music, Television and Movies
Music – The Top 5 Songs of 1973
Song rankings are based on information from The Billboard Hot 100 Chart Data
1. Tie a Yellow Ribbon Round the Ole Oak Tree -Tony Orlando and Dawn
2. Bad, Bad Leroy Brown – Jim Croce
3. Killing Me Softly with His Song -Roberta Flack
4. Let’s Get It On – Marvin Gaye
5. My Love -Paul McCartney & Wings
Television – The Top 5 TV Shows of 1973
1. All in the Family (CBS)
2. The Waltons (CBS)
3. Sanford and Son (NBC)
4. M*A*S*H (CBS)
M*A*S*H Final scenes and Tribute to Colonel Sherman T. Potter
5. Hawaii Five-O (CBS)
The Top 5 Movies of 1973
1. The Sting (Universal)
2. The Exorcist (Warner Bros.)
Because of the language and violence in this movie, we’ve chosen not to include video.
3. American Graffiti (Universal)
4. Papillon (Allied Artists Pictures)
5. The Way We Were (Columbia)
1973 was an unusually good year for movies, so we had to include a few extras.
6. Magnum Force (Warner Brothers)
7. Live and Let Die (United Artists)
Find Out More About the 1970s