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The Year 1974 From 'The People
History'
What happened in 1974?
1974 Inflation continues to spiral out of control
around the world reaching 11.3% in the USA and 17.2%
in the UK 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 more 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.
Cost of Living 1974
How Much things cost in 1974
Yearly Inflation Rate USA 11.3%
Yearly Inflation Rate UK 17.2%
Year End Close Dow Jones Industrial Average 616
Average Cost of new house $34,900.00
Average Income per year $13,900.00
Average Monthly Rent $185.00
Cost of a gallon of Gas 55 cents
Average cost new car$3,750.00
Samsonite Case $62.00
Below are some Prices for UK guides in Pounds
Stirling
Average House Price 10,990
Gallon of Petrol 0.42
To find more prices and information for the 70's
including 1974
1970's - Cars and Car Prices - Music -
What Events Happened in 1974
IRA begins bombing campaign on mainland Britainand
bombs The Tower of London on July 17th and the
Houses of parliament and pubs in Birmingham
Richard Nixonbecomes the first US president forced
to resign after the Watergate Scandal
President Gerald Ford gives unconditional pardon to
Richard Nixon
A major US Bank Franklin National Bank is declared
insolvent
55 MPH Speed Limit imposed to preserve gas usage US
wide
Worldwide Inflationhelps to cause dramatic increases
in the cost of fuel, food and manufacturing
Sears Tower in Chicago becomes the worlds tallest
building
President Ford announces an amnesty program for
Vietnam War deserters and draft evaders
The Global Recession Deepens
Gasoline shortages and price increases throughout
the world help to cause problems in most of the
western worlds economies
Governments and people around the world spend more
time debating the use of Nuclear Energy to combat
problems with Oil Prices and Supply
Estimate of The Worlds Population reaches 4 billion
Smallpox Epidemic in India causes the deaths of
between 10,000 and 20,000 people
Henry Kissenger convinces Syria and Israel agree to
a ceasefire on the Golan Heights
Turkey Invades Northern Cyprus
Patricia Hearst Kidnappers Demand $70 of food be
given to every needy Californian
In response to the energy crisis, daylight saving
timecommences nearly four months early in the United
States..
Charles de Gaulle Airport opens in Paris, France.
The largest series of tornadoes in history, hits 13
U.S. states and one Canadian province. By the time
the last of 148 tornadoes hit early the following
morning, 315 died and over 5,000 were injured.
British Coal Miners join many other unions striking
for higher wages
India successfully detonates its first nuclear
weapon becoming the sixth nation to do so.
Cyclone Tracy strikes on 25th December almost
completely destroys Darwin, Australia
Famine caused by drought threatens millions in
Africa
The French President Georges Pompidou dies while in
Office
Following a crippling strike, Northern Ireland's
first power-sharing assembly collapses
Work begins on the 800 mile long Alaska Oil pipeline
Bloodless Military coup led by General Antoniio de
Spinola, in Portugal
President Isabela Peron (Evita ), Juan Peron's third
wife, becomes President of Argentina when her
husband died.
West Germany Wins 1974 World Cup in West Germany
Soviet authorities expel Alexander Solzhenitsyn
revoking his Russian citizenship
Technology
MRI Scanner( Magnetic Resonance Imaging } developed
USA
Australopithecus afarensis was discovered in
Ethiopia and is a hominid which lived between 3.9 to
3 million years ago belonging to the genus
Australopithecus, They named the skeleton "Lucy"
After 84 days in space, the last crew of the
temporary American space station Skylab return to
Earth
Pocket calculators start to appear in shops
Offices start using a very primitive word processor
that resembles a typewriter
The first use of UPC or Universal product Code BAR
CODE UPC scanner installed in Marshes Supermarket in
Troy Ohio ( check 1952 for first bar code use not
UPC ) or the standard used today
Invention Invented by Inventors and Country (
or attributed to First Use )
Kevlar USA by Stephanie Kwolek
Giorgio Fischer of Rome
invents liposuction
Popular Culture 1974
Actor Jon Pertwee makes his final regular appearance
as the Third Doctor in Doctor Who and Tom Baker
becomes the fifth doctor Who
Popular Films
The Sting
The Exorcist
Papillon
Herbie Rides Again
Blazing Saddles
The Great Gatsby
Serpico
Death Wish
The Godfather, Part II
Murder on the Orient Express
Popular Musicians
ABBA
Beach Boys
David Bowie
Carpenters
Eric Clapton with " I Shot The Sheriff "
Alice Cooper
Deep Purple
Donovan
Ella Fitzgerald
Genesis
Grateful Dead
Joni Mitchell
Van Morrison
Dolly Parton
Queen
Minnie Riperton
Roxy Music
Sparks
Supertramp
Jethro Tull
The Velvet Underground
Barry White
Paul McCartney with " Band on the Run "
Stevie Wonder
Popular TV Programs
Kung Fu
The Price Is Right
The Waltons
Kojak
Last of the Summer Wine
The Six Million Dollar Man
Born This Year
Leonardo DiCaprio November 11th
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Memories and History Join
Other information:
ACADEMY AWARD - BEST
PICTURE:
Godfather Part II - crime drama by Francis Ford
Coppola starring Al Pacino, Robert Duvall, Diane
Keaton, and Robert DeNiro
TONY AWARD - BEST MUSICAL:
Raisin - based on "A Raisin in the Sun" by Lorraine
Hansberry, music by Judd Woldin, lyrics by Robert
Brittan, starring Joe Morton, Ralph Carter,
Ernestine Jackson, and Virginia Capers
PULITZER PRIZES:
The Americans: The Democratic Experience by Daniel
J. Boorstin (history)
O'Neill, Son and Artist by Louis Sheaffer
(biography)
The Dolphin by Robert Lowell (poetry)
The Denial of Death by Ernest Becker (non-fiction)
NOBEL PEACE PRIZE:
Sean MacBride, Ireland, 1904-1988, President of the
International Peace Bureau, Geneva, United Nations
Commissioner for Namibia; and
Eisaku Sato, Japan, 1901-1975, former Prime Minister
of Japan
TOP SONGS:
Seasons in the Sun by Terry Jacks
The LocoMotion by Grand Funk
Kung Fu Fighting by Carl Douglas
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