Life In America 1979 – The average income is $17,500/year, interest rates are 15.25%. Lee Iacocca has asked the Feds for money to bail out Chrysler. Ayatollah Khomeini establishes an Islamic Republic in Iran, in the process 23 American embassy workers are taken hostage. Sony introduces the Walkman at $200. The Dukes of Hazard, ESPN [...]
Life In America 1978 – The average income is $17,000/year, and inflation is still an issue. A new home sells for $58,000. The first mobile phone is introduced. The Japanese now account for 50% of import car sales. 918 followers of Jim Jones’ People’s Temple commit mass suicide in Guyana. The Blues Brothers debut on [...]
Life In America 1977 – The average income is $15,000/year, inflation is coming under control. The Department of Energy is created in the wake of the fuel crisis. Gary Gilmore becomes the first prisoner to be executed since capital punishment was halted in 1972. The first Apple computers go on sale. On TV, if you’re [...]
Life In America 1976 –Its the year of the Bi-Centennial. Family income continues to rise, but is eroded by ongoing inflation. Jimmy Carter is elected president. Microsoft and Apple are formed. The US Naval Academy accepts its first female midshipmen (err…women). Musically the nation’s rocking to The Eagle’s Hotel California, their album Greatest Hits, becomes [...]
Life In America 1975 – While the average family income has risen, now $14,100, the rate of inflation is still eroding real buying power. The war in Vietnam comes to an official close as the embassy in Saigon falls. Heiress Patty Hearst is captured. The Edmund Fitzgerald sinks in a storm on Lake Superior, and [...]
Life In America 1974 – While the median family income has risen, now $12,840, the 11.3% inflation rate has actually made this year’s income less than 1973’s. Nixon is forced to resign. OPEC embargoes oil for five months, creating the worst recession since the depression. The national speed limit is reduced to 55 MPH to [...]
Life In America 1973 – The median family income is $12,050. President Nixon suspends combat operations in Vietnam and at the same time, much to our relief, suspends the draft. In October, the first fuel crisis hits. Fuel prices go up slightly and there is rationing. TV is moving from comedy to drama with The [...]
Life In America 1972 – The median family income is $11,120. Burglars are caught raiding the offices of the Watergate offices of the Democratic National Committee, setting the stage for Nixon’s resignation. 11 Israeli athletes are kidnapped and killed at the Munich Olympics. Archie Bunker is kissed by Sammy Davis, on the All In The [...]
Life In America 1971 – The median family income is $10,000. President Nixon makes historic trip to China. The New York Times releases the Pentagon Papers. DB Cooper jumps from a passenger jet with $200,000, never to be seen again. On TV the Sonny and Cher Comedy Hour debuts. Peter Falk begins his long shuffle [...]
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