JEFFERSON PHOTO'S ~ 1970 ~ 75
In 1970 a new house cost $23,400.00 and by 1979 was $58,500.00.
In 1970 the average income per year was $9,350.00 and by 1979 was $17,550.00.
In 1970 a gallon of gas was 36 cents and by 1979 was 86 cents.
In 1970 the average cost of new car was $3,900.00 and by 1979 was $5,770.00.
A few more prices from the 70's and how much things cost.
Datsun 210 $3,869.
Dodge Colt $4,785.
Warm Leather Lined Boots $39.99.
Car 8 Track Stereo Tape Player $38.99.
CB Radio $147.
Medium Eggs 25 cents per dozen.
Miracle Whip $1.09.
King Size Bean Bag Chair $19.99.
Porcelain Kitchen Sink $9.88.
Quartz Alarm Clock $12.97.
Country Ranch with 10 acres 3 bedroom large barn fruit and oak trees Vallejo California $59,200, 1974.
The oil crisis in 1973 was caused when Arab members of the Organization of Petroleum Exporting Countries (OPEC), during the Yom Kippur War, announced that they would no longer ship petroleum to nations that had supported Israel in its conflict with Syria and Egypt , to the United States and its allies in Western Europe. It was also announced that the price for Oil would increase drastically. The west was by now dependent on oil and together with prices quadrupling and measures for rationing the western world went into recession and suffered massive inflationary pressure. At that time the United States did have their own oil reserves and although they were affected the biggest impact was on European Economies.
After nearly 10 years of war in Vietnam 1973 was also the year that allied forces pulled out of Vietnam.
Another significant factor in the 70's was the growth in women's rights and women's role in society including the ability to decide when where and if they wished to have children ( partly through the availably of the contraceptive pill ).
President Richard Nixon was forced to resign on 8th August as president of the United States due to imminent impeachment related to the Watergate scandal.