The year was 1974
Richard M. Nixon was president until August 9th
Richard M. Nixon resigns after Watergate scandal
Gerald R. Ford from August 9th
President Ford gives an unconditional pardon to Richard Nixon
Average cost of new house $34,900
Average Income per year $13,900
Cost of a gallon of Gas 55 cents
Average cost of a new car $3,750
Year end close of Dow Jones Industrial Average 616
Estimate of worlds population reaches 4 billion
55 MPH speed limit is imposed to preserve gas usage US wide
Sears Tower becomes the worlds tallest building
Pocket Calculators start to appear in stores
MRI Scanner developed in the USA
Patricia Hearst kidnappers demand $70 of food to be given to every needy Californian
President Isebela Peron (Evita) Juan Peron's third wife becomes President of Argentina when he dies
Work begins on the 800 mile long Alaska pipeline
French President Georges Pompidou dies while in office
In response to the energy crisis, daylight savings time commences nearly four months early in US
President Ford announces amnesty program for Vietnam War deserters and draft evaders
