1976 Inflation continues to be a problem around the world. Concorde enters service and cuts transatlantic flying time to 3 1/2 hours. One year after Microsoft is formed Apple is formed by Steve Jobs and Steve Wozniak. Nadia Comaneci scores the first ever perfect score in Gymnastics. In South Africa Riots in Soweto on June 16th mark the beginning of the end of apartheid. In music the first of the Punk Bands appear The Damned release New Rose classified as Punk Rock Music

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
Plymouth Arrow$3,175.00
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 1976

  • 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.
More Information and Timeline for Argentina 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.

  • 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.
  • Nadia Comaneci wins 3 gold medals at the Montreal Olympics with seven perfect scores
  • First Legionnaires Disease affects 4,000 delegates in Pennsylvania on July 23rd from a chapter of the American Legion
South Africa
  • 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
  • Hua Guofeng becomes the Chairman of the Communist party in China after Mao Zedong dies.
More Information and Timeline for Hua Guofeng
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.

  • 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
  • The CN tower in Toronto, Canada is completed and is the the tallest free standing structure in the world.
  • 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
  • The Winter Olympic Games are held in Innsbruck, Austria

  • 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 Clothes

Part of our Collection of Clothing From The1970's Clothing Fashions and Styles
Fashion Clothing From 1976

1976 Childrens Toys

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

Kids Toys From 76

Popular Culture 1976

  • The Damned release New Rose - the first ever single released / marketed as "punk rock".

Popular Films

  • One Flew Over the Cuckoo's Nest
  • All the President's Men
  • The Omen
  • Taxi Driver
  • The Outlaw Josey Wales
  • Rocky

Popular Musicians and songs

  • Bay City Rollers
  • Barry Manilow
  • Diana Ross
  • Paul Simon
  • The Four Seasons
  • Paul McCartney and Wings
  • Elton John
  • Rod Stewart
  • Queen
  • ABBA

Born This Year 1976

Colin Farrell May 31st
Reese Witherspoon March 22nd
Jennifer Capriati March 29th
Melissa Joan Hart April 18th

1976 Calendar

Major World Political Leaders 1976

Australia 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)