Inflation has a significant impact on people’s lives around the world with the US inflation rate running at 6.16%. This causes problems in every aspect of people’s lives from the price of gas, food and bills, which in turn causes higher wages and the spiral continues, much of this is caused by the Arab members of the (OPEC) restricting the flow of oil to countries supporting Israel as part of the Yom Kippur War.
In the US two important cases dominate the news with Roe v. Wade making abortion a US constitutional right on the 22nd January and the start of the Watergate hearings in the US Senate.
Due to price increase of gas the Japanese car manufacturers with smaller engines and more efficient have an impact of the US car industry.
Skylab is launched
Secretariat wins the Triple Crown on June 9th
Three-Day Week put in place in the UK
Sydney Opera House is opened
Yom Kippur War and Oil Embargo
Watergate hearings begin
Supreme Court rules on Roe v. Wade
Population:
- Wake County : 254,386
- NC: 5,390,000
- USA: 211,900,000
National Debt:
- $458,141,605,312 (1973)
- $18,152,809,942,589 (2015)
Value of a Dollar: $1 in 1973 is $5.52 in 2015
Cost Of Living 1973:
- Yearly inflation rate: 6.16%
- Year End Close Dow Jones Industrial Average: 850
- Average cost of new house: $32,500
- Average income per year: $12,900
- Average monthly rent: $175
- Cost of a gallon of gas: $0.40
- AMC Javelin car: $2,900
- A dozen eggs: $0.45
- Ford Galaxy 500: $3,883
- Pork Roast Lb: $0.59
- Morton’s TV Dinner: $0.36
- Dozen medium eggs: $0.25
- Component-type 8-track stereo tape player: $44.50
- Crock pot cooker: $17.79
- Men’s paisley slacks: $23.49
- Ticket to Disneyland: Admission and 12 adventure tickets $5.75
- Hamburger at McDonalds: $0.33
Ounce of Gold Price:
- The cost of an ounce of gold was $97.32
- The inflation-adjusted price of an ounce of gold was $526.05
Cost of a movie ticket: $1.77
Inflation-adjusted price of a movie ticket: $9.57
The cost of a movie ticket in 2015: $7.92
Top 5 Movies:
- The Sting
- The Exorcist
- American Graffiti
- Papillon
- The Way We Were
- Best Picture: The Sting
- Best Director: George Ry Hill – The Sting
- Best Actor: Jack Lemmon – Save The Tiger
- Best Actress: Glenda Jackson – A Touch Of Class
- Best Supporting Actor: John Houseman – The Paper Chase
- Best Supporting Actress: Tatum O’Neal – Paper Moon
- All in the Family – CBS – 20,654,400
- The Waltons – CBS – 18,602,200
- Sanford and Son – NBC – 18,205,000
- M*A*S*H – CBS – 17,013,400
- Hawaii Five-O – CBS – 15,888,000
- Maude – CBS – 15,557,000
- Kojak – CBS – 15,424,600
- The Sonny and Cher Comedy Hour – CBS – 15,424,600
- The Mary Tyler Moore Show – CBS – 15,292,200
- Cannon – CBS – 15,292,200
- Tony Orlando and Dawn – Tie A Yellow Ribbon Round The Ole Oak Tree
- Jim Croce – Bad Bad Leroy Brown
- Roberta Flack – Killing Me Softly With His Song
- Marvin Gaye – Let’s Get It On
- Paul McCartney and Wings – My Love
- Kris Kristofferson – Why Me
- Elton John – Crocodile Rock
- Billy Preston – Will It Go Round In Circles
- Carly Simon – You’re So Vain
- Diana Ross – Touch Me In The Morning
- Vicki Lawrence – The Night The Lights Went Out In Georgia
- Clint Holmes – Playground In My Mind
- Stories – Brother Louie
- Helen Reddy – Delta Dawn
- Billy Paul – Me And Mrs. Jones
- Edgar Winter Group – Frankenstein
- Dobie Gray – Drift Away
- Sweet – Little Willy
- Stevie Wonder – You Are The Sunshine Of My Life
- Cher – Half Breed
- Soul Song
- Watermelon Wine – Tom T. Hall
- She Needs Someone To Hold Her – Conway Twitty
- I Wonder If They Ever Think Of Me – Merle Haggard
- Rated “X” – Loretta Lynn
- The Lord Knows I’m Drinking – Cal Smith
- ‘Til I Get It Right – Tammy Wynette
- Teddy Bear Song – Barbara Fairchild
- Keep Me In Mind – Lynn Anderson
- Super Kind Of Woman – Freddie Hart
- A Shoulder To Cry On – Charley Pride
- Superman – Donna Fargo
- Behind Closed Doors – Charlie Pride
- Come Live With Me – Roy Clark
- What’s Your Mama’s Name – Tanya Tucker
- Satin Sheets – Jeanne Pruett
- You Always Come Back – Johnny Rodriguez
- Kids Say The Darndest Things – Tammy Wynette
- Don’t Fight The Feelings Of Love – Charlie Pride
- Why Me – Kris Kristofferson
ACC Football Champ: NC State
ACC Basketball Champ: NC State (NC State 76 – Maryland 74)
World Series Winner: Oakland A’s over the NY Mets
Heavyweight Boxing Champ: George Foreman (Universal)
Super Bowl VII: Miami Dolphins (Miami Dolphins-14 Washington Redskins 7)
NASCAR Season Winner: Benny Parsons
Masters Winner: Tommy Aaron- 283 (-5 – won $30,000)
Wimbledon Winners:
- Men’s Singles: Czechoslovakia Jan Kodeš defeated Soviet Union Alex Metreveli, 6–1, 9–8(7–5), 6–3
- Women’s Singles: United States Billie Jean King defeated United States Chris Evert, 6–0, 7–5
- Men’s Doubles: United States Jimmy Connors / Romania Ilie Năstase defeated Australia John Cooper / Australia Neale Fraser, 3–6, 6–3, 6–4, 8–9(3–7), 6–1
- Women’s Doubles: United States Rosemary Casals / United States Billie Jean King defeated France Françoise Dürr / Netherlands Betty Stöve, 6–1, 4–6, 7–5
- Mixed Doubles: United States Billie Jean King / Australia Owen Davidson defeated United States Janet Newberry / Mexico Raúl Ramírez, 6–3, 6–2