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It led to double-digit interest rates that rose to unprecedented levels (above 12% per year). The prime rate hit 21.5 in December 1980, the highest in history. [18] A rising cost of housing was reflected in the average price of a new home in the U.S. The average price of a new home in the U.S. was $23,450 in 1970 up to $68,700 by 1980.
The 70s was a decade that ran from January 1, AD 70, to December 31, AD 79. As the decade began, the First Jewish–Roman War continued: In AD 70, the Romans besieged and sacked Jerusalem and destroyed the Second Temple.
1981–1982 — The killing of 6-year-old Adam Walsh (1981), and the disappearance of Johnny Gosch, a 12-year-old newspaper carrier from Des Moines, Iowa (1982), raise awareness of missing children cases in the United States. 1983 – 241 U.S. Marines are killed by a suicide bomb in Lebanon. 1983 – The United States invades Grenada.
The name is not the only thing that was lost in translation, when the first of a long line of Godzilla movies was released in Japan 70 years ago this Nov. 3. You can stream it now on YouTube ...
The former U.N. Secretary General calls on leaders to step up and deliver a global resettlement programme on a meaningful scale
Centuries ago, Swiss peasants used up hardened cheese and stale bread by melting the cheese in a pot, then dipping. But it wasn’t until the 1960s and ‘70s that the Swiss Cheese Union wanted to ...
October 25 – The wreck of the Confederate submarine Hunley is found off Charleston, South Carolina, by pioneer underwater archaeologist, Dr. E. Lee Spence, [5] then just 22 years old. Hunley was the first submarine in history to sink a ship in warfare. October 26
1970 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.