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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.
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
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.
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.
It was the '70s, after all. For premium support please call: 800-290-4726 more ways to reach us
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.
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 amount of money budgeted for government programs for the 1971 fiscal year was a little more than 200 billion dollars USD. Fifty years later, the budget for FY 2020 would be 23 times higher, at 4,700 billion dollars ($4.7 trillion) [3]