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70's

By carpemaa25

  • Highest Inflation Rates

    Highest Inflation Rates
    inflation reaches 6.1%, the highest rate since the Korean war.

  • Nixon Cuts Taxes

    Nixon Cuts Taxes
    President Nixon signs a twenty-five billion tax cut.

  • Pepsi

    Pepsi
    Pepsi announces a deal to sell its products in the Soviet Union.

  • Delta Air Lines

    Delta Air Lines
    Delta Airlines open more positions to women and African Americans.

  • OPEC oil

    OPEC oil
    Members of the OPEC end their oil embargo of the west.

  • Unemployment

    Unemployment
    The federal government reports unemployment at 8,2 percent, the highest since 1941.

  • $300 mil in bribes

    $300 mil in bribes
    More than 175 U.S companies admit to offering over $300 million in bribes since 1970.

  • Female airline attendants fired.

    Female airline attendants fired.
    Three hundred American Airlines female flight attendants, fired for becoming pregnant between 1965 and 1970, receive a $2.7-million civil rights settlement.

  • Inflation rises again

    Inflation rises again
    Due to inflation, goods costing $100.00 in 1967 now cost $200.09 in 1978

  • Chrysler receives 1.5 billion dollar loan

    Chrysler receives 1.5 billion dollar loan
    The Chrysler Corporation, the third largest automaker in the United States, requests a $1-billion federal loan to prevent bankruptcy. On November 1, the federal government guarantees a $1.5-billion loan to Chrysler