U.S. sees a start back down with US inflation going down to 9.2%, both UK and US governments use interest rates as a way of trying to control inflation with the US Federal Reserve at 7.25% and The Bank of England at 11.25%.
One of the true success stories of modern times when Bill Gates and Paul Allen create the company Microsoft.
The first of the new hobby computers are starting to appear including Altair 8800.
The battle for video recorder standards of VHS and Betamax starts.
This is also the year the Vietnam War finally ends.
First disposable razor
Ex-Teamster boss Jimmy Hoffa disappears
Microcomputer Altair 8800 is released
Sony introduces Betamax videotapes and Matsushita / JVC introduce VHS
The Suez Canal reopens
Dutch Elm disease decimates Elm Trees in UK
Britain’s inflation rate jumps to 25%
Population:
- Wake County: 267,377
- NC: 5,547,000
- USA: 216,000,000
National Debt:
- $533,189,000,000 (1975)
- $18,152,809,942,589 (2015)
Value of a Dollar: $1 in 1975 is $4.52 in 2015
Cost Of Living 1975:
- Yearly inflation rate: 9.2%
- Year End Close Dow Jones Industrial Average: 858
- Interest Rates Year End Federal Reserve: 7.25%
- Average cost of new house: $39,300
- Average income per year: $14,100
- Average monthly rent: $200
- Average cost of a new car: $4,250
- Cost of a gallon of gas: $0.44
- Foster Grant Sun Glasses: $5
- Chevrolet Caprice: $4,819
- Ford Mustang II: $4,105
- Oldsmobile Delta 88 Royale: $5,626
- Pontiac Ventura Coupe: $3,829
- Cheeseburger at McDonald’s: McDonalds celebrated its 20th birthday April 20, 1975 by selling hamburgers at original price: 15 cents.
- Ticket to Disneyland: General Admission and 12 ticket Adventure Book: $7.50-$8.25
Ounce of Gold Price:
- The cost of an ounce of gold was $161.02
- The inflation-adjusted price of an ounce of gold was $718.84
Cost of a movie ticket: $2.05
Inflation-adjusted price of a movie ticket: $9.15
The cost of a movie ticket in 2015: $7.92
Top 5 Movies:
- Jaws
- The Rocky Horror Picture Show
- One Flew Over the Cuckoo’s Nest
- Dog Day Afternoon
- Shampoo
- Best Picture: One Flew Over The Cuckoo’s Nest
- Best Director: Milos Forman – One Flew Over The Cuckoo’s Nest
- Best Actor: Jack Nicholson – One Flew Over The Cuckoo’s Nest
- Best Actress: Louise Fletcher – One Flew Over The Cuckoo’s Nest
- Best Supporting Actor: George Burns – The Sunshine Boys
- Best Supporting Actress: Lee Grant – Shampoo
- All in the Family – CBS – 20,949,600
- Rich Man, Poor Man – ABC – 19,488,000
- Laverne & Shirley – ABC – 19,140,000
- Maude – CBS – 17,400,000
- The Bionic Woman – ABC – 17,330,400
- Phyllis – CBS – 17,052,000
- Sanford and Son – NBC – 16,982,400
- Rhoda – CBS – 16,982,400
- The Six Million Dollar Man – ABC – 16,912,800
- ABC Monday Night Movie – ABC – 16,843,200
- Captain and Tennille – Love Will Keep Us Together
- Glen Campbell – Rhinestone Cowboy
- Elton John – Philadelphia Freedom
- Freddy Fender – Before The Next Teardrop Falls
- Frankie Valli – My Eyes Adored You
- Earth, Wind and Fire – Shining Star
- David Bowie – Fame
- Neil Sedaka – Laughter In The Rain
- Eagles – One Of These Nights
- John Denver – Thank God I’m A Country Boy
- Bee Gees – Jive Talkin’
- Eagles – Best Of My Love
- Minnie Riperton – Lovin’ You
- Carl Douglas – Kung Fu Fighting
- Doobie Brothers – Black Water
- Sweet – Ballroom Blitz
- B.J. Thomas – (Hey Wont You Play) Another Somebody Done Somebody Wrong Song
- Tony Orlando and Dawn – He Don’t Love You (Like I Love You)
- Janis Ian – At Seventeen
- Average White Band – Pick Up The Pieces
- The Door – George Jones
- Ruby, Baby – Billy “Crash” Craddock
- Kentucky Gambler – Merle Haggard
- (I’d Be) A Legend In My Time – Ronnie Milsap
- City Lights – Mickey Gilley
- Then Who Am I – Charley Pride
- Devil In The Bottle – T.G. Sheppard
- I Care – Tom T. Hall
- It’s Time To Pay The Fiddler – Cal Smith
- Linda On My Mind – Conway Twitty
- Before The Next Teardrop Falls – Freddy Fender
- The Bargain Store – Dolly Parton
- I Just Can’t Get Her Out OF My Mind – Johnny Rodriguez
- Always Wanting You – Merle Haggard
- Blanket On The Ground – Billy Jo Spears
- Rolling On Big Mama – Joe Stampley
- She’s Actin’ Single – Gary Stewart
- (Hey Won’t You Play) Another Somebody Done Somebody Wrong Song – B. J. Thomas
- I’m Not Lisa – Jessi Colter
- Thank God I’m A Country Boy
ACC Football Champ: Maryland
ACC Basketball Champs: North Carolina (UNC 70 – NC State 66)
World Series Winner: Cincinnati Reds over the Boston Red Sox
Heavyweight Boxing Champ: Muhammad Ali
Super Bowl IV: Pittsburgh Steelers (Steelers 16 – Minnesota Vikings 6)
NASCAR Season Winner: Richard Petty
Masters Winner: Jack Nicklaus (12 under – won $40,000)
Wimbledon Winners:
- Men’s Singles: United States Billie Jean King defeated Australia Evonne Goolagong Cawley, 6–0, 6–1
- Women’s Singles: United States Billie Jean King defeated Australia Evonne Goolagong Cawley, 6–0, 6–1
- Men’s Doubles: United States Vitas Gerulaitis / United States Sandy Mayer defeated Rhodesia Colin Dowdeswell / Australia Allan Stone, 7–5, 8–6, 6–4
- Women’s Doubles: United States Ann Kiyomura / Japan Kazuko Sawamatsu defeated France Françoise Dürr / Netherlands Betty Stöve, 7–5, 1–6, 7–5
- Mixed Doubles: Australia Margaret Court / United States Marty Riessen defeated Netherlands Betty Stöve / Australia Allan Stone, 6–4, 7–5