1970s 300x300

1970-1979

By Imnotgaybut5dollarsis5dollars
  • Period: to

    Economy of the 70's

  • Apollo

    Apollo
    April 11 – Apollo program: Apollo 13 (Jim Lovell, Fred Haise, Jack Swigert) is launched toward the Moon.

  • 1970

    1970
    Inflation Rate: 5.84%
    Consumer Spending: 7,651
    GDP: 4.70 trillion
    Unemployment rate: 3.90%
    Interest rate: 9.01%

  • Voting

    Voting
    The 26th amendment is passed, which allowed 18 year olds to vote.

  • 1971

    1971
    Inflation Rate: 4.30%
    Consumer Spending: $7,896
    GDP: 4.91 Trillion
    Unemployment rate: 5.90%
    Interest rate: 7.76%

  • Watergate

    Watergate
    The Watergate scandal was a major political scandal that occurred in the United States in the 1970s as a result of the June 17, 1972 break-in at the Democratic National Committee headquarters at the Watergate office complex in Washington, D.C., and the Nixon administration's attempted cover-up of its involvement.

  • 1972

    1972
    Inflation Rate: 3.27%
    Consumer Spending: $8,520
    GDP: 5.25 trillion
    Unemployment rate: 5.80%
    Interest rate: 7.38%

  • Roe v. Wade

    Roe v. Wade
    Roe v. Wade is a landmark decision by the United States Supreme Court on the issue of abortion.

  • 1973

    1973
    Inflation Rate: 6.16%
    Consumer Spending: $9,226
    GDP: 5.46 trillion
    Unemployment rate: 4.90%
    Interest rate: 8.04%

  • Tornado Outbreak

    Tornado Outbreak
    From April 3 to April 4, 1974, there were 148 tornadoes confirmed in 13 U.S. states and the Canadian province of Ontario.

  • 1974

    1974
    Inflation Rate: 11.03%
    Consumer Spending: $9921
    GDP: 5.35 trillion
    Unemployment rate: 5.10%
    Interest rate: 9.19%

  • Microsoft

    Microsoft
    Bill Gates founds microsoft.

  • 1975

    1975
    Inflation Rate: 9.20%
    Consumer Spending: $10,531
    GDP: 5.49 trillion
    Unemployment rate: 8.10%
    Interest rate: 9.04%

  • Jimmy Carter

    Jimmy Carter
    Jimmy Carter is elected.

  • 1976

    1976
    Inflation Rate: 5.75%
    Consumer Spending: $11,311
    GDP: 5.73 trillion
    Unemployment rate: 7.90%
    Interest rate: 8.87%

  • New York blackout

    New York blackout
    The New York City blackout of 1977 was an electricity blackout that affected most of New York City on July 13–14, 1977.

  • 1977

    1977
    Inflation Rate: 6.50%
    Consumer Spending: $12,132
    GDP: 6.01 trillion
    Unemployment rate: 7.50%
    Interest rate: 8.84%

  • Volkswagen

    Volkswagen
    Volkswagen becomes the second (after Rolls-Royce) non-American automobile manufacturer to open a plant in the United States, commencing production of the Rabbit

  • 1978

    1978
    Inflation Rate: 7.62%
    Consumer Spending: $13,575
    GDP: 6.41 trillion
    Unemployment rate: 6.40%
    Interest rate: 9.64%

  • Nuclear Meltdown

    Nuclear Meltdown
    Three Mile Island Nuclear Generating Station (TMI) is a nuclear power plant (NPP) located on Three Mile Island in the Susquehanna River, south of Harrisburg, Pennsylvania in Londonderry Township.

  • 1979

    1979
    Inflation Rate: 11.22%
    Consumer Spending: $15,090
    GDP: 6.50 trillion
    Unemployment rate: 5.90%
    Interest rate: 11.19%