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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.
The 1970s (pronounced "nineteen-seventies"; commonly shortened to the "Seventies" or the "' 70s") was a decade that began on January 1, 1970, and ended on December 31, 1979. In the 21st century, historians have increasingly portrayed the 1970s as a "pivot of change" in world history, focusing especially on the economic upheavals [ 1 ] that ...
Explore the history and events of different years, from ancient times to the present, in this comprehensive list of years on Wikipedia.
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.
World map of alliances in 1970 The 1975 Apollo-Soyuz space rendez-vous, one of the attempts at cooperation between the US and the USSR during the détenteThe Cold War (1962–1979) refers to the phase within the Cold War that spanned the period between the aftermath of the Cuban Missile Crisis in late October 1962, through the détente period beginning in 1969, to the end of détente in the ...
This is a list of sovereign states in the 1970s, giving an overview of states around the world during the period between 1 January 1970 and 31 December 1979. It contains 191 entries, arranged alphabetically, with information on the status and recognition of their sovereignty. It includes 166 widely-recognized sovereign states (including 4 ...
This is a timeline of the main events of the Cold War, a state of political and military tension after World War II between powers in the Western Bloc (the United States, its NATO allies and others) and powers in the Eastern Bloc (the Soviet Union, its allies in the Warsaw Pact and later the People's Republic of China).
Boxing. 15 February – Carlos Cruz, Featherweight Boxing Champion died in a plane crash. 16 February – Joe Frazier wins the undisputed World Heavyweight title with the knock out of Jimmy Ellis in five rounds. 30 December – death of Sonny Liston (38), former heavyweight champion.