Cost of Living 1972How Much things cost in 1972
Yearly Inflation Rate USA 3.27%
Yearly Inflation Rate UK 6.4%
Year End Close Dow Jones Industrial Average 1020 Average Cost of new house $27,550.00 Average Income per year $11,800.00 Average Monthly Rent $165.00 Cost of a gallon of Gas 55 cents Roxanne Ladies Swimsuit $30.00
Kodak Pocket Camera History $28.00 Wrangler Jeans $12.00 ladies Timex WatchFrom $30.00
Below are some Prices for UK guides in Pounds Sterling
Average House Price 7,374 Gallon of Petrol 0.35
| Part of our 1970s Toys Selection of 250 Seventies Toys |
Price: From $19.85
What Events Happened in 1972Germany
- Earthquake lasting 20 seconds destroys most of Bingol, Turkey - more than 1000 dead, 10.000 made homeless
- 11 Israel Athletes murdered by Arab Gunman at Munich Olympics on September 6th
1. September 5th
2. 4:30 AM Eight members of Black September carrying duffel bags loaded with AKM assault rifles, Tokarev pistols, and grenades scaled a two-meter chain-link fence into the Olympic Village.
3. 4:55 AM Terrorists knock on the door of Israeli wrestling coach Moshe Weinberg.
3. Wrestling coach Moshe Weinberg and Weightlifter Yossef Romano attack the terrorists and are killed
4. Terrorists hold nine live Israeli hostage
5. 9:30 AM Terrorists demand the release and safe passage to Egypt of 234 Palestinians and non-Arabs jailed in Israel, along with two German radicals held by the German penitentiary system, in exchange for the hostages.
6. 6:00 PM Terrorists demand safe flight to Cairo in Egypt and German Negotiators Pretend Agreement although Egyptian Prime Minister Aziz Sedki had already told the German authorities that the Egyptians did not wish to become involved
7. 10:10 PM Bus provided to take terrorists and their hostages from Olympic Village to two Bell UH-1 military helicopters nearby to transport them to nearby the NATO air base at Fürstenfeldbruck.
8. 10:12 PM Terrorists and hostages board Helicopters
9. Five German snipers deployed around the airport to shoot the kidnappers
10. Boeing 727 jet was positioned on the tarmac with six armed German police inside dressed as flight crew
11. Just before terrorists due to arrive the German police inside the aircraft vote to abandon mission ( Not relayed to central command )
12. 10:30 PM Helicopters arrive at airfield
13. 10:55 PM Terrorists Issa and Tony walked over to inspect the jet and find it empty signifying a trap had been set.
14. 11:00 PM German authorities give the order for snipers positioned nearby to open fire and take out the terrorists.
15. September 6th
16. 12:04 AM German armored personnel carriers arrive
17. 12:05 AM Terrorist Leader Issa Realizes situation doomed and shoots and kills Israeli hostages in one of the helicopters
18. 12:05 AM Terrorist Leader Issa pulled the pin on a hand grenade and tossed it into the cockpit; the ensuing explosion destroyed the helicopter and incinerated the bound Israelis inside.
19. 12:06 AM Terrorist Leader Issa then heads across the tarmac to reach the other helicopter to shoot other hostages and is shot and killed
20. 12:06 AM German authorities give the order for snipers positioned nearby to open fire and take out the terrorists.
21. 12:06 AM The remaining hostages on the second Helicopter are shot and killed
22. 12:10 AM Three of the Terrorists survive ( all hostages are killed ) 1 German Police Officer is also killed in the gun fight
The German authorities like many other European countries did not have a fully trained professional counter-terrorism force for the Olympics, following the lessons learned most European Countries now have counter-terrorism forces in place available at a moments notice. Following the attack the security precautions for future Olympics are much tighter and more stringent to prevent a similar attack.
- Three gunmen open fire at Lod International Airport in Tel Aviv, Israel, killing 26 people and injuring dozens more
- Five White House operatives are arrested for burglarizing the offices of the Democratic National Committee the start of the Watergate Scandal.
2. January G. Gordon Liddy general counsel to the Committee for the Re-Election of the President proposes burglarizing and wiretapping the Democratic National Committee's headquarters at the Watergate Complex in Washington, D.C
3. on May 17th wiretaps placed on the telephones of Democratic National Chairman Lawrence O'Brien and Executive Director of Democratic States' Chairmen R. Spencer Oliver, Jr.
4. June 17th Frank Wills, a security guard at the Watergate Complex called police at 1:30 AM and five men are arrested inside the Democratic National Committee's headquarters office
5. June 18th Virgilio González, Bernard Barker, James W. McCord, Jr., Eugenio Martínez, and Frank Sturgis are charged with attempted burglary and attempted interception of telephone and other communications.
6. June 19th Washington Post ( Reporters Carl Bernstein and Bob Woodward ) reveal that one of the Watergate burglars ( James McCord ) was a Republican Party security aide.
7. June and July Washington Post Reporters source "Deep Throat." reveals Examination of the burglars' accounts showed the link to the 1972 Committee to Re-Elect the President, through its subordinate finance committee.
8. August 29th President Richard Nixon speaking at a news conference stated "I can say categorically that no one in the White House staff, no one in this Administration, presently employed, was involved in this very bizarre incident ( Watergate Break In"
9. September 15th Grand jury indicted the five and E. Howard Hunt, Jr. and G. Gordon Liddy for conspiracy, burglary, and violation of federal wiretapping laws.
10. September 29th Washington Post Reporters reveals John Mitchell, while serving as Attorney General, controlled a secret Republican fund used to finance intelligence-gathering against the Democrats
11. October 10th Washington Post Reporters breaks the story that the Watergate break-in was part of a massive campaign of political spying and sabotage on behalf of the officials and heads of the Nixon re-election campaign.
12. November 7th President Richard Nixon was re-elected in one of the biggest landslides ever in American political history.
13. 1973 Over the next 12 months following the United States Senate establishing a select committee to investigate Watergate and former members of Nixons inner circle delivering testimony which was damaging to the President. That together with the eventual release of the Watergate tapes which proved that the President was involved in the cover up eventually led to his resignation.
14. 1974 The House of Representatives began formal investigations into the possible impeachment of the president. The House Judiciary Committee voted 27 to 11 on July 27, 1974 to recommend the first article of impeachment against the president: obstruction of justice.
15. August 8th In a nationally televised address from the Oval Office president Richard Nixon announces he will resign the Presidency effective at noon the next day
16. August 9th Vice President Ford sworn in as President of the United States.
17. September 8th President Gerald Ford issued a full and unconditional pardon of former President Nixon, immunizing him from prosecution for any crimes he had "committed or may have committed or taken part in" as President.
If not for the persistence of the two Washington Post Reporters Carl Bernstein and Bob Woodward and the backing of the Washington Post I believe the Watergate Scandal would never have been investigated showing that back in the 70's true investigative journalism still existed. Their source inside the FBI "Deep Throat" was much later (2005) revealed to be former Deputy Director of the FBI William Mark Felt, Sr. .
- Earthquake in the town of Ghir, in southern Iraq leaves over 5,000 dead
- The British government declares a state of emergency over 47 day miners' strike
2. January 5th National Executive Committee of the NUM reject pay rise offer from the National Coal Board,
3. January 9th Miners go on strike for the first time since 1926.
4. January 10th - February 9th Miners begin by picketing coal power stations and then escalate to all power stations, steelworks, ports, coal depots and other major coal users.
5. February 9th British Conservative Government under Prime Minister Edward Heath declares a state of emergency
6. February 9th British Government announces 3 day working week introduced to save electricity
7. February 19th New wages agreement reached between the National Executive Committee of the NUM and the Government.
8. February 28th Following ballot of NUM Union Members Miners accept agreement and return to work
Following the settlement the miners wages increased significantly and two years later called a further strike.
- Hurricane Agnes on June 13th kills 117 in US east coast.
- 16 survivors from plane crash survive and are rescued after practicing cannibalism
- In Late June Hurrican Agnes ( Category 1 hurricane ) wrecks havoc on the state of Pennsylvania, New York, Maryland and Virginia causing the death of 128 , In the worst hit state of Pennsylvania 48 people die due to the hurricane.
- Bobby Fischer beats Boris Spassky to become the World Chess Champion in Reykjavik, Iceland,
- Last US ground troops withdrawn from Vietnam
- Earthquake in Nicaragua kills 5,000-10,000 in the capital Managua
- The last major epidemic of smallpox in Europe breaks out in Yugoslavia.
- The Black Lung Benefits bill signed into law by President Nixon
- Bloody Friday 22 bombs explode in Belfast Ireland and 9 people are killed with a further 130 seriously injured.
- Bloody Sunday14 unarmed Catholic protesters are gunned down by the British Army on bloody Sunday
- IRA bomb explodes at the 16th Parachute Brigade headquarters at Aldershot
- The Equal Rights Amendment which provided for the legal equality of the sexes passed by the U.S. Senate on 22nd March
- Pilots organise worldwide strike protesting increased Air Piracy / Hijacking and lack of government action.
- CND ( Campaign for Nuclear Disarmament ) organises a series of demonstrations against nuclear arms
- After spending 20 years fighting in the courts for compensation 300 Thalidomide victims are offered £11.85 million over 10 years
- The Second Cod War between UK and Iceland
- The worlds leaders agree to banning biological warfare
- Antiwar demonstrations draw 100,000 demonstrators in US cities
- Palestinian hijackers hijack a Lufthansa jet
- Martial Law Declared in the Philippines
- The ex RMS Queen Elizabeth Sets on Fire and Sinks in Hong Kong
- Ceylon becomes a republic and changes its name to Sri Lanka
- General Idi Amin of Uganda takes control of British firms and interests in the country
- General Idi Amin of Uganda expells 50,000 Asians From Uganda
- UK unemployment rises to one million for the first time since the depression years of the 1930s
- The Dow Jones closes above 1000 for the first time in history
- The Largest Diamond The Star of Sierra leone is unearthed it is 969.8 carats
- Flash Flood caused by dam burst on June 9th in Rapid City, South Dakota kills over 200
- Governor George Wallace is shot three times on May 15th in an attempted assasination attempt by Arthur Bremer which leaves him paralyzed.
- Richard Nixon Visits China
- A dam In West Virginia’s Buffalo Creek Valley collapses killing 118 people
- American Swimmer Mark Spitz wins a record 7 gold medals in the Summer Olympics in Munich
- Bangladesh Gains Independence From Pakistan
- Cameroon Gains Independence From France and Britain
- The Winter Olympic Games are held in Sapporo, Japan
- Federal Water Pollution Control Amendments come into force
From Our Seventies Fashions Pages
Part of Our Seventies Fashion Section
- The Godfather
- Fiddler on the Roof
- Diamonds Are Forever
- What's Up, Doc?
- Dirty Harry
- The Last Picture Show
- A Clockwork Orange
Popular Musicians and songs
- Roxy Music
- The Eagles
- John Lennon
- Paul Simon
- Simon and Garfunkel
- Rod Stewart
- Don Mclean with " American Pie "
- Michael Jackson with " Ben "
- Don McLean
- Elton John
- The Moody Blues
- David Bowie
- Led Zeppelin
Check out our Television Programmes From The 70s whenever possible we have included a trailer to jog your memory. Series trailers and more information are found on the decade they started.
Popular TV Programmes
- Monty Python's Flying Circus
- Sesame Street
- The Benny Hill Show
- The Brady Bunch
- Dad's Army
- Hawaii Five-O
- Here's Lucy
Born This Year 1972Gwyneth Paltrow September 27th
Scott Peterson October 24th
Jonny Lee Miller November 15th
Ben Affleck August 15th
- HBO launched in US as the first subscription cable service
- Richard Nixon orders the start for the space shuttle program
- Apollo 16 lands on the moon where the Lunar Rover is tested by astronauts John W Young and Charles M Duke
- Apollo 17 lands on the moon and the last men to walk on the moon are Harrison Schmitt and Eugene Cernan
- Digital Watches are introduced
- First scientific hand-held calculator (HP-35) introduced (price $395).
- The Volkswagen Beetle becomes the most popular car ever sold with in excess of 15 million sold.
- Atari kicks off the first generation of video games with the release of PONG, the first game to achieve commercial success
Inventions Invented by Inventors and Country ( or attributed to First Use )
Artificial Heart USA Willem J Koiff
Optical Fiber USA
Major World Political Leaders 1972Australia Prime Minister William McMahon Till 5 December
Australia Prime Minister Gough Whitlam From 5 December
Brazil President Emilio Medici Canada Prime Minister Pierre Trudeau
China Chairman of the People's Republic of China Dong Biwu
France President Georges Pompidou
Germany Chancellor Willy Brandt
India Prime Minister Indira Gandhi
Italy Prime Minister Emilio Colombo Till 17 February
Italy Prime Minister Giulio Andreotti From 17 February
Japan Prime Minister Eisaku Sato Till 7 July
Japan Prime Minister Kakuei Tanaka From 7 July
Mexico President Luis Echeverría Russia / Soviet Union
First Secretary of the CPSU Leonid Brezhnev South Africa Prime Minister Balthazar Johannes Vorster United States President Richard Nixon United Kingdom Prime Minister Edward Heath
Political Elections This Year
United States Presidential Election 1972 Richard Nixon (Republican) Defeats George McGovern (Democratic) and John G. Schmitz (American)
Canadian Federal Election 1974 Pierre Trudeau ( Liberal ) defeats Robert Stanfield ( Progressive Conservatives )