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1970 – Singer Janis Joplin dies of a drug overdose at the age of 27. 1970 – The Environmental Protection Agency is created. 1970 – The Occupational Safety and Health Act, or OSHA, is signed into law. 1971 – Singer Jim Morrison dies of a drug overdose at the age of 27. 1971 – President Richard Nixon ends the United States Gold standard ...
The 1970 United States Census begins. There are 203,392,031 United States residents on this day. President Richard Nixon signs the Public Health Cigarette Smoking Act into law, banning cigarette television advertisements in the United States, starting on January 1, 1971.
In the US, the average annual inflation rate from 1900 to 1970 was approximately 2.5%. From 1970 to 1979, however, the average rate was 7.06%, and topped out at 13.29% in December 1979. [ 19] This period is also known for "stagflation", a phenomenon in which inflation and unemployment steadily increased.
Average GDP growth 1947–2009. The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall post–World War II economic expansion. It differed from many previous recessions by involving stagflation, in which high unemployment and high inflation ...
1970 ( MCMLXX) was a common year starting on Thursday of the Gregorian calendar, the 1970th year of the Common Era (CE) and Anno Domini (AD) designations, the 970th year of the 2nd millennium, the 70th year of the 20th century, and the 1st year of the 1970s decade.
Reagan Era. The history of the United States from 1964 to 1980 includes the climax and end of the Civil Rights Movement; the escalation and ending of the Vietnam War; the drama of a generational revolt with its sexual freedoms and use of drugs; and the continuation of the Cold War, with its Space Race to put a man on the Moon.
The history of the United States from 1980 until 1991 includes the last year of the Jimmy Carter presidency, eight years of the Ronald Reagan administration, and the first three years of the George H. W. Bush presidency, up to the collapse of the Soviet Union. Plagued by the Iran hostage crisis, runaway inflation, and mounting domestic ...
Most experts agree that the 1972 meat crisis was caused by a massive reduction in the population of anchovies living off the coast of South America. As these tiny fish migrated elsewhere, farmers ...