Inflation continues to spiral out of control around the world reaching 11.3% in the USA and the global recession deepens.
The famous skeleton “Lucy” is discovered in Ethiopia which lived between 3.9 to 3 million years ago.
More and smaller digital based consumer products appear in the shops and the earliest forms of Word Processors appear which resemble a typewriter more than a computer.
After the findings of the Watergate Scandal Richard Nixon becomes the first US president forced to resign from office.
Pocket calculators for sale for first time
Lucy hominid skeleton 3 million years old is discovered
President Isabela Peron ( Evita ) becomes president of Argentina
Cyclone Tracy nearly destroys Darwin
Largest series of tornadoes in history strike the US
Gasoline shortages and price increases throughout the world
55 MPH Speed Limit imposed
Richard Nixon forced to resign after the Watergate Scandal
Population:
- Wake County: 263,015
- NC: 5,471,000
- USA: 213,900,000
National Debt:
- $475,059,815,731 (1974)
- $18,152,809,942,589 (2015)
Value of a Dollar: $1 in 1974 is $5.08 in 2015
Cost Of Living 1974:
- Yearly inflation rate: 11.3%
- Year End Close Dow Jones Industrial Average: 616
- Average cost of new house: $34,900
- Average income per year: $13,900
- Average monthly rent: $185
- Average cost of a new car: $3,750
- Cost of a gallon of gas: $0.55
- Samsonite Case: $62
- Cheeseburger at McDonald’s: $0.30
- Ticket to Disneyland: Admission and 12 Adventure Book: $6.75-$7.50
Ounce of Gold Price:
- The cost of an ounce of gold was $159.26
- The inflation-adjusted price of an ounce of gold was $773.11
Cost of a movie ticket: $1.87
Inflation-adjusted price of a movie ticket: $9.08
The cost of a movie ticket in 2015: $7.92
Top 5 Movies:
- Blazing Saddles
- The Towering Inferno
- The Trial of Billy Jack
- Young Frankenstein
- Earthquake
- Best Picture: The Godfather Part II
- Best Director: Francis Ford Coppola – The Godfather Part II
- Best Actor: Art Carney – Harry and Tonto
- Best Actress: Ellen Burstyn – Alice Doesn’t Live Here Anymore
- Best Supporting Actor: Robert De Niro – The Godfather Part II
- Best Supporting Actress: Ingrid Bergman – Murder On The Orient Express
- All in the Family – CBS – 20,687,000
- Sanford and Son – NBC – 20,276,000
- Chico and The Man – NBC – 19,522,500
- The Jeffersons – CBS – 18,906,000
- M*A*S*H – CBS – 18,769,000
- Rhoda – CBS – 18,015,500
- Good Times – CBS – 17,673,000
- The Waltons – CBS – 17,467,500
- Maude – CBS – 17,056,500
- Hawaii Five-O – CBS – 16,988,000
- Barbra Streisand – The Way We Were
- Terry Jacks – Seasons In The Sun
- Love Unlimited Orchestra – Love’s Theme
- Redbone – Come And Get Your Love
- Jackson 5 – Dancing Machine
- Grand Funk Railroad – The Loco-Motion
- MFSB – TSOP
- Ray Stevens – The Streak
- Elton John – Bennie and The Jets
- Mac Davis – One Hell Of A Woman
- Aretha Franklin – Until You Come Back To Me (That’s What I’m Gonna Do)
- Kool and The Gang – Jungle Boogie
- Maria Muldaur – Midnight At The Oasis
- Stylistics – You Make Me Feel Brand New
- Al Wilson – Show And Tell
- Jim Stafford – Spiders and Snakes
- David Essex – Rock On
- John Denver – Sunshine On My Shoulders
- Blue Magic – Sideshow
- Blue Swede – Hooked On A Feeling
- I Love – Tom T. Hall
- Jolene – Dolly Parton
- World Of Make Believe – Bill Anderson
- That’s The Way Love Goes – Johnny Rodriguez
- Another Lonely Song – Tammy Wynette
- There Won’t Be Anymore – Charlie Rich
- There’s A Honky Tonk Angel – Conway Twitty
- Would You Lay With Me – Tanya Tucker
- A Very Special Love Song – Charlie Pride
- Hello Love – Hank Snow
- Things Aren’t Funny Anymore – Merle Haggard
- Is It Wrong – Sonny James
- Country Bumpkin – Cal Smith
- No Charge – Melba Montgomery
- Pure Love – Ronnie Milsap
- I Will Always Love You – Dolly Parton
- I Don’t See Me In Your Eyes Anymore – Charlie Rich
- This Time – Waylon Jennings
- Room Full Of Roses – Mickey Gilley
- He Thinks I Still Care – Anne Murray
ACC Football Champ: Maryland
ACC Basketball Champs: NC State (NCSU 103 – Maryland 100)
World Series Winner: Oakland Athletics over the LA Dodgers
Heavyweight Boxing Champ: George Forman (Universal); Muhammad Ali (Universal)
Super Bowl VIII: Miami Dolphins (Dolphins 24 – Minnesota Vikings 7)
NASCAR Season Winner: Richard Petty
Masters Winner: Gary Palmer (10 under – won $30,000)
Wimbledon Winners:
- Men’s Singles: United States Jimmy Connors defeated Australia Ken Rosewall, 6–1, 6–1, 6–4
- Women’s Singles: United States Chris Evert defeated Soviet Union Olga Morozova, 6–0, 6–4
- Men’s Doubles: Australia John Newcombe / Australia Tony Roche defeated United States Bob Lutz / United States Stan Smith, 8–6, 6–4, 6–4
- Women’s Doubles: Australia Evonne Goolagong Cawley / United States Peggy Michel defeated Australia Helen Gourlay Cawley / Australia Karen Krantzcke, 2–6, 6–4, 6–3
- Mixed Doubles: United States Billie Jean King / Australia Owen Davidson defeated United Kingdom Lesley Charles / United Kingdom Mark Farrell, 6–3, 9–7