1973 Inflation has a significant impact on peoples lives around the world with the UK inflation rate running at 8.4% and the US running at 6.16% . This causes problems in every aspect of peoples lives from the price of Gas, Food and Bills , which in turn causes higher wages and the spiral continues, much of this is caused by the Arab members of the (OPEC) restricting the flow of oil to countries supporting Israel as part of the Yom Kippur War. And the start of a Recession in Europe causing increased unemployment and a 3 day week in the UK. Meanwhile in the US two important cases dominate the news with Roe v. Wade making abortion a US constitutional right on the 22nd January and the start of the Watergate hearings in the US Senate, and due to price increase of gas the Japanese car manufacturers with smaller engines and more efficient have an impact of the US car industry

Cost of Living 1973

How Much things cost in 1973
Yearly Inflation Rate USA 6.16%
Yearly Inflation Rate UK 8.4%
Year End Close Dow Jones Industrial Average 850
Average Cost of new house $32,500.00
Average Income per year $12,900.00
Average Monthly Rent $175.00
Cost of a gallon of Gas 40 cents
AMC Javelin car$2,900.00
A Dozen Eggs 45 cents
Below are some Prices for UK guides in Pounds Sterling
Average House Price 9,942
Gallon of Petrol 0.35
A few More Examples
Ford Galaxie 500 $3,883
Pork Roast Lb 59 cents
Mortons TV Dinner 36 cents
Walkie Talkie Sets $13.88
Dozen Medium Eggs 25 cents
Component-type 8-track stereo tape player $44.50
Crock pot Cooker $17.79
Mens Paisley Slacks $23.49
Mod Wall Clock $150.00
Lake Cottage 400 ft lot on white river 2 bedroom cottage and boathouse OshKosh, Wisconsin $28,000

What Events Happened in 1973

  • Arab members of the Organization of Petroleum Exporting Countries (OPEC), announce they will restrict flow of crude oil to countries supporting Israel on October 17th causing price of oil to increase by 200%
  • Alaska Oil Pipeline bill is passed to allow construction of a pipeline to access oil from the North Slope of Alaska
  • Recession begins in Europe following OPEC Oil price increases
  • Roe v. Wade makes abortion a US constitutional right
European Union
  • Britain Ireland and Denmark join the EEC
  • The Netherlands holds a number of car free Sunday's during the oil crisis to conserve oil.
  • Chrysler and other US car makers close a number of plants affecting 100,000 workers
  • US Troops withdrawn from Vietnam and U.S. involvement in Vietnam War ends with the signing of peace
  • World Trade Center in New York becomes the tallest building in the world
  • Supreme Court of the United States rules on Roe v. Wade. January 22nd
UK Kings Cross Emergency Services  Public Domain Photo
  • IRA bombs explode in King's Cross and Euston station on September 10th , the Whitehall, the Old Bailey and Manchester city center.
  • Watergate Hearings begin in the United States Senate and President Richard Nixon tells the nation , “I am not a crook.”
  • Yom Kippur War - Fourth and largest Arab-Israeli conflict begins as Egyptian and Syrian forces attack Israel
  • Sydney Opera House is opened
United States
  • Armed members of the American Indian Movement occupy the town of Wounded Knee, South Dakota from February until May.
More Information for the Occupation of Wounded Knee
About 200 Oglala Lakota Native Americans and members of the American Indian Movement (AIM) began their occupation of Wounded Knee in South Dakota during February of 1973. AIM, a militant civil rights organization, was created in the late 1960s with the intention of bringing attention to injustices faced by Native Americans. Wounded Knee was located on the Pine Ridge Indian Reservation and in 1890 it was the site of a massacre of 300 unarmed Sioux by the U.S. Cavalry. At the start of their occupation AIM took 11 hostages and asked that The U.S. Government start investigating broken treaties, the Bureau of Indian Affairs, and all of the South Dakota Sioux reservations. The occupation lasted 71 days during which they negotiated with U.S. Marshals and exchanged regular gunfire with federal agents. In May the group surrendered and government officials agreed to start investigations as demanded.

United States -- Vice President Agnew Resigns

Spiro Agnew, the Vice President of the United States under Richard Nixon, resigned during October of 1973. Agnew had been dealing with charges of tax evasion and receiving bribes prior to his resignation. After he left office he pleaded no contest to the criminal charges and was fined and given probation. He was replaced by Gerald Ford, who, less than a year later, would become the President after Nixon resigned. Spiro Agnew was the second US Vice President to resign, the first for criminal reasons.

United States -- Battle of the Sexes Tennis Match

1. Billie Jean King and Bobby Riggs competed in “The Battle of the Sexes” exhibition tennis match during September of 1973.
2. 29-year-old King, who had already won 10 Grand Slam titles and was a pioneer in women’s tennis, went up against 55-year-old Riggs, who was at one point considered the best tennis player in the world, and defeated him handily winning three sets 6-4, 6-3, and 6-3.
3. King expressed relief at the end of the match, stating that she was worried losing it would have set women back.
4. She also took home the $100,000 prize.
5. Over 30,000 spectators attended it in Houston and an estimated 90 million people viewed the televised match worldwide, making it the most viewed tennis match in history.

  • Basque Terrorists Kill Spanish Prime Minister
  • The Bosporus Bridge is completed joining Europe and Asia in Istanbul
  • Following student rioting Marshal Law is imposed
  • Military coup in Chili led by General Augusto Pinochet.
  • Israel Shoots Down Libyan Passenger Plane
  • In a Tennis Match billed as the battle of the sexes Mrs Billy Jean King defeats Bobby Riggs
  • Newly created Bangladesh Elects First Prime Minister Sheikh Mujib Rahman
  • TUC brings 1.5 Million on Strike in UK as Day Of Protest at pay restraint policy
  • Princess Anne, marries Captain Mark Phillips in Westminster Abbey
  • In the UK, as a result of high coal and oil prices, the Three-Day Week officially comes into force.
  • Belize Gains Independence From Great Britain
Northern Ireland
  • A referendum in Northern Ireland results in a vote to stay as part of the United Kingdom
  • Secretariat Wins Triple Crown first winner for 25 years
  • The wide ranging Endangered Species Act of 1973 is signed into law to "protect species and the ecosystems upon which they depend."
  • The Bahamas Gains Independence From Great Britain
  • Royal Navy Protect Trawlers in Cod War In Icelandic Waters
  • The Mississippi River reaches its peak level in St. Louis during a record 77-day flood.


  • Skylab, the United States' first space station, is launched
  • Concorde cuts flying time across the Atlantic in half flying at average speed of 954 mph
  • The Sears Tower opens in Chicago

Inventions Invented by Inventors and Country ( or attributed to First Use )
Genetic Engineering USA by S Cohen and H Boyer
Barcode USA
Optical Fiber USA
Space Station USA Skylab
Jetski or Personal Watercraft USA Clayton Jacobson II ( Original was only stand up and difficult to stay on ) manufactured by Kawasaki
United States
  • NASA launches the Mariner 10 Mercury probe spacecraft.
More Information for the Mariner 10 Spacecraft.
The Mariner 10 spacecraft launched at the beginning of November in 1973. It had the mission of becoming the first probe to study the planet of Mercury. The Mariner 10 probe also became the first spacecraft to visit two planets during a single mission, as it passed Venus on its way to Mercury. The craft sent over 12,000 images of the two planets back to Earth. The mission was considered successful and ended in March of 1975 as it began its orbit around the Sun that it continues in to this day. The total cost of the spacecraft was about $100 million which would be equivalent to nearly $500 million today.

1973 Mens and Womens Fashion Clothes

Part of our Collection of Clothing From The1970's Clothing Fashions and Styles
Fashion Clothing From 1973

1973 Childrens Toys

Part of our toy collection From The Kids Toys From The 1970's

Some of the toys included in the 1972 images below include Roller Skates, Curious George, Transistor Radios, Hoppity Hops, Girls Dolls

Kids Toys From 73

Popular Culture 1973

  • Elvis Presley's Aloha From Hawaii television special is seen around the world by more than 1 billion viewers

Popular Films

  • The Exorcist
  • Deliverance
  • Live and Let Die
  • Paper Moon
  • Dark Side Of The Moon Reminded by Pink Floyd Fan
  • Last Tango in Paris
  • Jesus Christ Superstar
  • American Graffiti
  • Lady Sings the Blues
  • The Sting

Popular Musicians and songs

  • Stevie Wonder
  • ABBA
  • The Eagles
  • John Lennon
  • Paul Simon
  • Pink Floyd " Dark Side Of The Moon "
  • Rod Stewart
  • Michael Jackson
  • Elton John with " Crocodile Rock "
  • Rolling Stones with " Angie "
  • The Moody Blues
  • David Bowie
  • Led Zeppelin
  • Wizzard
  • Electric Light Orchestra
  • Paul McCartney and Wings with " My Love "
  • Bob Marley and the Wailers
  • Diana Ross

Popular TV Programmes

  • The Odd Couple
  • The Partridge Family
  • Columbo
  • Masterpiece Theatre
  • McMillan and Wife
  • Old Grey Whistle Test (UK)
  • Are You Being Served? (UK)
  • Colditz (UK)
  • Emmerdale Farm (UK)
  • M*A*S*H
  • Sanford and Son
  • The Bob Newhart Show
  • The Price Is Right
  • The Waltons

Born This Year 1973

Monica Seles December 2nd
Tyra Banks December 4th
Monica Lewinsky July 23rd
Kate Beckinsale July 26th

1973 Calendar

Major World Political Leaders 1973

Australia Prime Minister Brazil President Emilio Gough WhitlamMedici 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

Japan Prime Minister Kakuei Tanaka 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
1973 Prime Minister Of Italy Giulio Andreotti Till 7 July
1973 Prime Minister Of Italy Mariano Rumor From 26 July

Political Elections This Year

British General Election 1st in 73 creates hung parliament forcing a second General Election1974 Harold Wilson ( Labour ) Edward Heath ( Conservative ) and Jeremy Thorpe ( Liberal ) No Overall Majority