The Year was 1974.
Inflation spirals out of control. It hits 11 percent in the United States and over 17 percent in the United Kingdom.
United States President was Gerald Ford due to the resignation of Richard Nixon.
The US population was about 210 million.
The murder rate was hovering around 8.5 murders per 100.
The Median Household Income was about $13,900 for the average laborer.
The Minimum Wage was $1.60 per hour, the equivalent of $8.15 in 2018 dollars.
A new house would cost you about 34,900 dollars and if you rented a two bedroom the average monthly rent for that was around 185 dollars.
Groceries were beginning to rise due to the inflation. Bacon was 75 cents a pound and eggs 45 for a dozen.
A gallon of milk cost about $1.25 and a loaf of bread was approximately 75 cents. You could get a fresh turkey for 75 cents a pound and potatoes were about one dollar for a ten pound bag.
Sending a letter across the country would cost you $.10 in postage.
A gallon of gas cost about 42 cents.
Top News for 1974
- 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.
- Smallpox Epidemic in India causes the deaths of between 10,000 and 20,000 people
- Following impeachment hearings started on May 9th Richard Nixon becomes the first US president forced to resign after the Watergate Scandal on August 9th
- On October 30th, 1974 the much hyped boxing match between George Foreman and Muhammad Ali for Ali to regain his heavyweight title takes place in Kinshasa, Zaire (Democratic Republic of the Congo).
- The Kootenai Native American Tribe in Idaho declares war on the United States
- President Gerald Ford gives unconditional pardon to Richard Nixon
- 55 MPH Speed Limit imposed to preserve gas usage US wide
- President Ford announces an amnesty program for Vietnam War deserters and draft evaders
Nixon Resigns
The Rumble In The Jungle: Foreman vs. Ali
Products introduced in 1974
- Baileys Irish Cream
- Bold detergent
- C.W. Post granola cereal
- Meow Mix cat food
- Mobil 1 synthetic oil
- Sprite Zero Sugar
C.W. Post Commercial (plus NyQuil and the Star Wars movie)
Meow Mix cat food, 1974
Mobil 1 Commercial
Vehicles introduced in 1974
- Ford Elite automobile
- Jeep Cherokee (SJ)
- Toyota Corolla (E30)
- Volkswagen Golf
The Top 5 Songs of 1974
Song rankings are based on information from The Billboard Hot 100 Chart Data