1975 In the UK inflation continues to spiral out of control reaching 24.2% the price of Petrol increased by nearly 70% in one year, but the US sees a start back down with US inflation going down to 9.2%, both governments use interest rates as a way of trying to control inflation with the US Federal Reserve at 7.25% and The Bank of England at 11.25%. Meanwhile one of the true success stories of modern times when Bill Gates and Paul Allen create the company Microsoft. The First of the new hobby computers are starting to appear including Altair 8800 and the battle for Video recorder standards of VHS and Betamax starts. This is also the year the Vietnam war finally ends.

Cost of Living 1975

How Much things cost in 1975
Yearly Inflation Rate USA9.2%
Year End Close Dow Jones Industrial Average 858
Interest Rates Year End Federal Reserve 7.25%
Cost of a gallon of Gas 44 cents
Average cost new car$4,250.00
Below are some Prices for UK guides in Pounds Sterling
Average House Price 11,787
Gallon of Petrol 0.72
Yearly Inflation Rate UK 24.2%
Interest Rates Year End Bank of England 11.25%
A few More Examples
Average Cost of new house $39,300.00
Average Income per year $14,100.00
Average Monthly Rent $200.00
Foster Grant Sun Glasses $5.00
Chevrolet Caprice $4,819
Ford Mustang II $4,105
Oldsmobile Delta 88 Royale $5,626
Pontiac Ventura Coupe $3,829

What Events Happened in 1975

  • Spanish Dictator Franco Dies
  • OPEC agrees to raise crude oil prices by 10%.
  • The British Conservative Party chooses it's first women leader, Margaret Thatcher
  • Oil goes over $13.00 per barrel
  • The Vietnam War ends as Communist forces take Saigon and South Vietnam surrenders unconditionally
  • The US Carries out Vietnam "Operation Babylift" bringing Vietnamese orphans to the US
  • New York City avoids bankruptcy when President Gerald R. Ford signed a $2.3 billion loan
  • US Pulls out of Cambodia
  • The first oil pipeline to serve Forties oilfield starts pumping North Sea Oil
  • An IRA hit squad takes refuge and hostages at Balcombe Street in central London
  • The IRA bombs London Hilton Hotel In Park Lane
  • The IRA murders Ross McWhirter the co-founder of the Guinness Book of Records
  • Cod War breaks out between Britain and Iceland when Iceland extends it's fishing rights to 200 miles
  • The Suez Canal reopens for the first time since the Six-Day War
  • "The Green March" with 350,000 unarmed Moroccans cross the border into the Spanish controlled area of Western Sahara demanding the return of Moroccan Sahara Desert
  • The Unemployment Rate in the US reaches 9.2% and recession is recognized by President Ford
Saudi Arabia
  • King Faisal of Saudi Arabia Assassinated
  • Baader-Meinhof guerrillas take 11 hostages at West German embassy in Stockholm
  • The First ever strike by Doctors in the US causes hospitals to reduce services
  • Britains inflation rate jumps 25% An example of this is seen when Coal Miners recieve a 35% pay rise also reflected in other industries

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  • Dutch elm disease destroys more than three million Elm trees in the UK
  • Beginning of 15 years of civil war between Maronite Christians and Muslim militias in Lebanon
  • Indira Gandhi India Prime Minister is found guilty of electoral corruption
  • The UK implements the Sex Discrimination and Equal Pay Act
  • London underground train crashed into a brick wall on February 28th at Moorgate in London's Financial district
European Union
  • The United Kingdom votes yes in a referendum June 6th on staying in the European Community
  • Angola Gains Independence From Portugal
  • Jimmy Hoffa ex teamsters boss disappears never to be seen again
  • Patti Hearst Becomes Most Wanted and is Arrested for armed robbery
  • Suriname Gains Independence From Netherlands


  • Construction of the Trans-Alaska Pipeline System begins
  • Bill Gates and Paul Allen develop a BASIC program for the Altair 8800
  • Motorolla obtains patent for the first portable mobile phone
  • The name "Micro-soft" (for microcomputer software) and Microsoft becomes a registered trademark
  • NASA launches the Viking 1 planetary probe toward Mars.
  • US Apollo and Soviet Soyuz 9 spacecraft link up in space and Russian cosmonauts and American astronauts shake hands
  • BIC launches first disposable Razor
  • The Microcomputer Altair 8800 is released
  • Work on the Alaskan Oil Line begins
  • Sony introduces Betamax videotapes and Matsushita / JVC introduce VHS
  • Tuvalu Gains Independence From Great Britain
  • Mozambique Gains Independence From Portugal
  • Cray-1, the first commercially developed supercomputer, invented by Seymour Cray

Inventions Invented by Inventors and Country ( or attributed to First Use )
Personal Computer USA Microsoft
The Digital Camera Steven Sasson and Kodak Company
Laser Printer USA

1975 Mens and Womens Fashion Clothes

Part of our Collection of Clothing From The1970's Clothing Fashions and Styles
Fashion Clothing From 1975

1975 Childrens Toys

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

Kids Toys From 75

Popular Culture 1975

  • Bruce Springsteen releases his third album, Born To Run, widely regarded as one of the greatest of all time
  • The film version of The Who's Tommy premiers in London
  • Saturday Night Live debuts on NBC
  • Muhammad Ali beat Joe Fraser in the "Thriller In Manilla" match

Popular Films

  • Jaws
  • The Towering Inferno
  • Benji
  • Young Frankenstein
  • The Godfather Part II
  • Funny Lady
  • Murder on the Orient Express
  • The Return of the Pink Panther
  • Tommy
  • One Flew Over the Cuckoo's Nest

Popular Musicians and songs

  • Minnie Riperton
  • Aerosmith
  • Black Sabbath
  • Chicago
  • Bob Dylan
  • David Bowie with " Fame "
  • Alice Cooper
  • The Eagles with " Best of My Love "
  • Jefferson Starship
  • Elton John with Island Girl and " Lucy in the sky with Diamonds "
  • Kiss
  • Led Zeppelin
  • John Lennon
  • Bob Marley and the Wailers
  • Paul McCartney and Wings
  • Pink Floyd
  • Paul Simon
  • Queen
  • Bruce Springsteen
  • The Who
  • ZZ Top

Born This Year 1975

Jimmie Johnson September 17th
Tiger Woods December 30th
Angelina Jolie June 4th
Kate Winslet October 5th

1975 Calendar

Major World Political Leaders 1975

Australia Prime Minister Gough Whitlam Till 11 November
Australia Prime Minister Malcolm Fraser From 11 November
Brazil President Ernesto Geisel Canada Prime Minister Pierre Trudeau

China Chairman of the People's Republic of China Post Abolished

France President Valéry Giscard d'Estaing

Germany Chancellor Helmut Schmidt
India Prime Minister Indira Gandhi

Italy Prime Minister Aldo Moro

Japan Prime Minister Takeo Miki Mexico President Luis Echeverría Russia / Soviet Union
First Secretary of the CPSU Leonid Brezhnev South Africa Prime Minister Balthazar Johannes Vorster United States President Gerald Ford United Kingdom Prime Minister Harold Wilson