Cost of Living 1976
| How Much things cost in 1976 |
Yearly Inflation Rate USA5.75%
Year End Close Dow Jones Industrial Average 1004
Interest Rates Year End Federal Reserve 6.25%
Average Cost of new house $43,400.00
Average Income per year $16,000.00
Average Monthly Rent $220.00
Cost of a gallon of Gas 59 cents
Below are some Prices for UK guides in Pounds Sterling
Average House Price 12,704
Gallon of Petrol 0.76
Yearly Inflation Rate UK 16.5%
Interest Rates Year End Bank of England 14.25%
| A few More Examples |
Polaroid Camera $28.00
Mens Sports Jacket $37.15
Zenith 25" Color TV $599.00
CB Radio $147.00
Micro Wave Oven $169.00
Saint George, Utah
Perfect Home 4 bedrooms , living room with fireplace, large family room dining room , laundry, 2 1/2 baths on large plot $36,500
What Events Happened in 1976China
- Earthquake in Tabgshan China on July 28th kills 655,000
- Earthquake measuring 6.5 on the Richter scale strikes in North Eastern Italy
- Tidal Wave in Philippines kills 5,000
- The First Commercial Concorde Flights take off
- Worst Drought on record hits Britain forcing the use of Standpipes
- Isabel Peron is deposed as the President of Argentina by a military coup.
The President of Argentina, Isabel Peron, is overthrown by a military coup on March 24, 1976. Isabel Peron was the third wife of Juan Peron, who had been the Argentine president during the 1940s and 1950s, and again from 1973 to 1974 after having been in exile for 18 years. She was his vice president and took office after his death in 1974, making her the first female president in the world. While she was in power the economy suffered high levels of inflation. She was also accused of sanctioning political murders and was suspected of being responsible for the disappearance of hundreds of political dissidents. She initially tried to flee the coup but was detained until her eventual exile in 1981. She went to Spain where she has remained since, despite efforts to extradite and charge her for human rights violations by Argentina.
- Apple Computer Company is formed by Steve Jobs and Steve Wozniak.
The Apple Computer Company was established by Steve Jobs and Steve Wozniak during April of 1976. Jobs and Wozniak created their company with the intention of developing small, easy to use computers that could be used at home or in offices, what would later become known as the personal computer.” Apple Computers emphasized graphics, portability, and a simple user interface. While their very first product, the Apple I, was not exactly the ideal machine for their cause, they were able to improve the design in subsequent models and accomplish their goals. The company struggled to stay relevant between the mid-1980s and mid-1990s, a time period which saw the departure of Steve Jobs. Jobs’ return and a partnership with Microsoft in 1997 marked a return to innovation for the company. The early 2000s saw Apple increase its standing in the tech world with the creation of the iMac, iPod, iTunes, and iPhone. In the early-2010s the company became the largest tech company in the world having been valued at over $700 billion.
- The CN tower in Toronto, Canada is completed and is the the tallest free standing structure in the world.
1. The CN Tower opened in Toronto, Canada during June of 1976.
2. It took over 3 years of construction to build the 1,815 foot tower.
3. The CN Tower held the title of the tallest free-standing structure in the world for 34 years.
4. It has featured several unique entertainment options throughout the years such as rides, the 360 restaurant, and various shopping opportunities.
5. The Tower is also functional in that it is used for radio, television, and cellular data transmission.
6. In 1995 it was categorized as one of the Wonders of the Modern World.
- Hurricane Belle Hits US East Coast
- James Callaghan becomes Britains Prime Minister
- 32 Black African Nations Boycott Montreal Olympics in protest to continued sporting links between New Zealand and South Africa
- In Guatemala and Honduras an earthquake kills more than 22,000.
- First Legionnaires Disease affects 4,000 delegates in Pennsylvania on July 23rd from a chapter of the American Legion
- Soweto riots in South Africa mark the beginning of the end of apartheid
- The world’s first recorded Ebola virus epidemic begins in Sudan on June 27th
- Palestinian extremists hijack an Air France plane in Greece with 246 passengers and 12 crew. They take it to Entebbe, Uganda, where Israeli commandos storm the plane freeing the hostages
- A Hijacked Sabena Boeing is stormed by Israeli soldiers releasing 100 hostages
- United States Bicentennial
- Cod Wars between Iceland and United Kingdom.
Iceland and the United Kingdom come to an agreement over fishing rights in the North Atlantic during June of 1976, ending a series of conflicts known as the “Cod Wars.” The first Cod War took place from 1958 to 1961, the second from 1972 to 1973, and the third and final from 1975 to 1976. The outcome of the wars proved to be positive for Iceland but somewhat devastating for British fishing communities. The terms of the agreement stated that fishing enterprises from the United Kingdom would have to stay specific distances away from Iceland’s fishing regions and would be excluded from using some of the best fishing regions in the North Atlantic.
- Hua Guofeng becomes the Chairman of the Communist party in China after Mao Zedong dies.
After the death of former leader Mao Zedong in September of 1976, a new Chairman of the Communist party in China is chosen. Hua Guofeng is announced as the new leader of China on October 7, 1976. One of Hua Guonfeng’s first tasks as the new leader of the People’s Republic of China was ordering the arrest of the so-called Gang of Four which is consisted of party officials accused of treasonous actions. The group included Mao's widow Jian Qing, Wang Hongwen, Yao Wenyuan, and Zhang Chunqiao. Their arrest and Hua Guofeng’s leadership ended the Cultural Revolution.
- The United States launches the LAGEOS-1 satellite.
NASA launched the LAGEOS-1 (Laser Geodynamic Satellite) during May of 1976. The nine-hundred pound satellite was launched from the Vandenberg Air Force Base in California. It measured about two feet in diameter and resembled a giant aluminum golf ball. Its mission was to measure geophysical activity using laser beams, resulting in extremely accurate measurements. The launch of LAGEOS-1 was successful and it was put into Earth’s orbit where it continues to study the shape of Earth and tectonic plate movement associated with continental drift.
- Argentina Peso, British Pound and Italian Lira all lose value against the US Dollar
- In New York City, the "Son of Sam" pulls a gun on July 29th and begins a series of attacks that terrorized the city for the next year.
- The United States celebrates 200th birthday of independence from British Rule
- Three Gunmen abduct a school bus with 26 children and the driver near Chowchilla, Calif ( all children and driver are saved after they dig a tunnel out of the quarry they were buried in. )
- Rioting breaks out at the Notting Hill Carnival, London, England
- The $2.00 bill Issued
- Two passenger jets collide over Zagreb, Yugoslavia due to air traffic controller errors
- The end of the world's longest pier ( Southen Pier in Britain ) is destroyed by fire
- Nadia Comaneci wins 3 gold medals at the Montreal Olympics with seven perfect scores.
Fourteen-year-old Romanian gymnast Nadia Comaneci wins 5 total medals in gymnastics at the Montreal Olympics. She became the first female gymnast to be award a perfect ten score for her uneven bar routine and went on to garner a total of seven perfect scores throughout the rest of the games. Comaneci also went on to win medals at the 1980 Olympic Games held in Moscow.
- Seychelles Gains Independence From Great Britain
- Princess Margaret Announces Separation
- Eccentric American billionaire Howard Hughes who had been a recluse for 20 years dies at the age of 70
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- The Winter Olympic Games are held in Innsbruck, Austria.
The 1976 Winter Olympics begin during February of 1976. The games were held in Innsbruck, Austria but had been originally given to the U.S. state of Colorado. Colorado was unable to properly prepare for the games as citizens of the state had voted against using any public funds to support the games. Innsbruck had hosted the Winter Olympics only twelve years before and offered to take over. A total of 1,123 athletes from 37 countries completed in these games with the Soviet Union, East Germany, and United States taking home the most medals. These games marked the debut of Ice Dancing as an event and also featured the very first successful back flip in figure skating by Terry Kubicka of the United States.
- Fidel Castro becomes The President of Cuba
- Concorde operated by Britain and France enters service cuts transatlantic flying time to 3 1/2 hours
- Apple Computer Company is formed by Steve Jobs and Steve Wozniak
- First laser printer introduced by IBM - the IBM 3800
- NASA Unviels first space shuttle, the Enterprise
- An American Panel warns that CFC's Chloro-fluorocarbons used in Aerosol Cans damage the Ozone layer
- The Olympics, broadcast from Montreal, Canada, draw an estimated one billion viewers worldwide.
- Matsushita introduces the VHS home video cassette recorder to compete with Sony's Beta max system.
- Landing Vehicles from the US Spacecraft Viking I and Viking II set down safely on Mars
Inventions Invented by Inventors and Country ( or attributed to First Use )
Ink Jet Printer USA
1976 Mens and Womens Fashion ClothesPart of our Collection of Clothing From The1970's Clothing Fashions and Styles
1976 Childrens ToysPart of our toy collection From The Kids Toys From The 1970's
Popular Culture 1976
- The Damned release New Rose - the first ever single released / marketed as "punk rock".
- One Flew Over the Cuckoo's Nest
- All the President's Men
- The Omen
- Taxi Driver
- The Outlaw Josey Wales
Popular Musicians and songs
- Bay City Rollers
- Barry Manilow
- Diana Ross
- Paul Simon
- The Four Seasons
- Paul McCartney and Wings
- Elton John
- Rod Stewart
Born This Year 1976Colin Farrell May 31st
Reese Witherspoon March 22nd
Jennifer Capriati March 29th
Melissa Joan Hart April 18th
Major World Political Leaders 1976Australia Prime Minister Malcolm Fraser 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 Till 29 July
Italy Prime Minister Giulio Andreotti From 29 July
Japan Prime Minister Takeo Miki Till 24 December
Japan Prime Minister Takeo Fukuda From 24 December
Mexico President Luis Echeverría Till 30 November
Mexico President José López Portillo From 30 November
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 Till 5 April
United Kingdom Prime Minister James Callaghan From 5 April
Political Elections This Year
United States Presidential Election 1976 Jimmy Carter (Democratic) Defeats Gerald Ford (Republican)