We grew up in an amazing time!

Here are some of the top news stories and history events that happened in 1973…Do you remember any of this? We have come a long way and yet, in some ways, we are going backwards! Looking at this, we can clearly see History repeating itself!

• The U.S. economy was plagued with high inflation, an oil crisis, rising unemployment, and the worst recession since the 1930s. The recession came about because of an OPEC oil embargo against the U.S., major government spending on the Vietnam War, a large Soviet purchase of corn, wheat, and soybeans during 1972, and a Wall Street crash that caused a bear market.
• Inflation tripled from 3.4% to 9.6% and put an end to post-World War II economic expansion.
• General Motors, Ford, and Chrysler laid off 100,000 workers. Wall Street was in a bear market, and stagflation presented a dilemma for U.S. economic policy.
• The Senate Watergate Committee began to televise its hearings, the U.S. Supreme Court legalized abortion, and the Endangered Species Act was passed.
• President Nixon signed legislation that approved construction of the Alaska pipeline.
• Martin Cooper invented the first handheld mobile phone, and Nathaniel Wyeth received a patent for shatter-resistant beverage bottles.
• Magnetic resonance imaging (MRI) was invented by a team led by John Mallard.
• The 110-story Sears Tower opened in Chicago, and the Oldsmobile Toronado was the first car with a passenger airbag.
• Sales of vodka surpassed whiskey sales in the U.S. for the first time.
• The “Cod Wars” continued between the UK and Iceland.
• The “three-day working week” was announced in the United Kingdom.
• Back in the year 1973, Walkie Talkies were popular Christmas gifts, Stove Top Stuffing first appeared on grocery store shelves, and the average tuition at a four-year public college was $358.
• Michael and Jennifer were favorite baby names, and Hamburger Helper and pasta primavera were all the rage.
• The Exorcist was the most popular film, Jonathan Livingston Seagull was the best-selling fiction book, and All in the Family (CBS) was the top TV show
• The Sting won an Oscar for Best Picture, M*A*S*H* (CBS) won an Emmy for Outstanding Comedy Series, and Bette Midler won a Grammy for Best New Artist.
• Bonanza, Laugh-In, and Mission Impossible all ended their TV runs.
• Here are some sports facts from 1973: The Miami Dolphins were the Super Bowl champs, the Oakland Athletics won the World Series, and the Montreal Canadiens clinched the Stanley Cup.
• In the year 1973, U.S. unemployment was 5.6%, the average family income was $12,900, and a new house cost around $32,500.
• The retail price for a gallon of gas averaged 39 cents, the minimum wage was $1.60 per hour, and an ounce of gold cost $106.48.
• Eggs were 69 cents a dozen, Oreos were 59 cents for a 19-ounce package, and peanut butter was 99 cents for a 2½-pound jar.