Cost of Living 1977
How Much things cost in 1977 |
Yearly Inflation Rate USA6.5%
Year End Close Dow Jones Industrial Average 831
Interest Rates Year End Federal Reserve 7.75%
Average Cost of new house $49,300.00
Average Income per year $15,000.00
Average Monthly Rent $240.00
Cost of a gallon of Gas 65 cents
Below are some Prices for UK guides in Pounds Sterling
Average House Price 13,650
Gallon of Petrol 0.79
Yearly Inflation Rate UK 15.8%
Interest Rates Year End Bank of England 7.00 %
| A few More Examples |
Renault Gordini $6998,00
BMW 320i $7990.00
Barbie Road Trip with Motor Home, Dune Buggy and a Bicycle $72.95
Wrist Worn AM Radio $7.95
5 inch Portable TV$147.00
New Stereo System$247.95
Middletown, New York
Ranch 3 bedrooms , 2 baths , living room family area and double garage $33,000
What Events Happened in 1977
- The New York City Blackout lasts for 25 hours and results in looting and disorder.
1. On July 13th
2. 8:37 PM Lightning strike at Buchanan South, a substation on the Hudson River, trips two circuit breakers in Westchester County.
3. 8:42 PM Second lightning strike caused the loss of two 345 kV transmission lines, and the loss of power from a 900MW nuclear plant at Indian Point.
4. 8:45 PM Con Edison, the power provider for New York City attempts to start fast-start generation no one was manning the station, and the remote start failed.
5. 8:55 PM Third lightning strike takes out two additional critical transmission lines at Sprain Brook
6. 9:14 PM Con Ed operators initiated first a 5% system-wide voltage reduction and then an 8% reduction.
7. 9:19 PM Final major interconnection to Upstate NY at Leeds substation tripped due to thermal overload.
8. 9:19 PM Due to Leeds substation tripping the increased load on other substations cause them to trip
9. 9:22 PM Long Island Lighting Company opened its 345 kV interconnection to Con Edison to reduce power that was flowing through its system and overloading 138 kV submarine cables between Long Island and Connecticut
10. 9:27 PM The biggest generator in New York City, Ravenswood 3 (also known as Big Allis), shut down. ending power in to New York City
11. 9:29 PM The Goethals-Linden 230 kV interconnection with New Jersey tripped
12. 9:29 PM Con Edison system automatically began to isolate itself from the outside world through the action of protective devices that remove overloaded lines, transformers, and cables from service
13. 9:36 PM The entire Con Edison power system shuts down
14. During Blackout LaGuardia and Kennedy airports were closed for 8rs,
15. During Blackout Most of the television stations in New York City were off the air
16. During Blackout 4,000 people had to be evacuated from the subway system
17. During Blackout Wide Spread Looting, vandalism and Arson in every poor neighborhood in the city
18. During Blackout 1,616 stores were damaged in looting and rioting
19. During Blackout 550 police officers injured during the civil disorder and 4,500 looters arrested
20. July 14th
21. 10:39 PM 25 hrs later at 10:39 Power is fully restored
Following the power failure additional protocols were put in place to stop a complete system failure from happening again. Many reasons have been given for the Wide Spread Looting, vandalism and Arson that occurred during the blackout including the financial crisis in the country and in New York City, the heat wave causing tempers to flare and due to no air conditioning more youths on the streets, the fact that the blackout happened after dark etc. etc. What ever the reasons or excuses used for the breakdown of law and order in a civilized society during times of crisis leaves many of us wondering what drives those people to do what they do.
- Egypt's Leader President Anwar al-Sadat breaks rank with other Arab nations and recognizes the state of Israel
- The US returns the Panama Canal back to Panama
1. 1904 Isthmian Canal Commission gains control of the Panama Canal Zone over which the United States exercises sovereignty
2. 1905 to 1914 Planning and construction of the Panama Canal
3. 1914 The Panama canal is 47.9 miles long joining the Atlantic Ocean and the Pacific Ocean
4. 1914 Panama Canal formally opened on August 15th with the passage of the cargo ship SS Ancon
5. 1950 to 1974 Panama Protestors dispute ownership of the Panama Canal by the United States
6. September 7th 1977 Following negotiations the Torrijos-Carter Treaties is signed which begins the process of granting the Panamanians free control of the canal so long as Panama signed a treaty guaranteeing the permanent neutrality of the canal.
7. 1999 Panamanian control effective at noon on December 31st when the Panama Canal Authority (ACP) assumed full control of the waterway.
At the peak of the protests over U.S. control when many Panamanians felt that the Canal Zone rightfully belonged to Panama student protests were met by the fencing in of the zone and an increased military presence, protests culminated in riots in which approximately 20 Panamanians and 3–5 U.S. soldiers were killed on Martyr's Day, January 9, 1964,.
United States -- Commodore PET Computer Released
- 165 people die in Beverly Hills Supper Club fire on May 28th
- Prime Minister Indira Gandhi resigns from office.
India’s Prime Minister, Indira Gandhi, resigns from office during March of 1977 after losing her seat in the general election. The daughter of India’s first Prime Minister, Jawaharlal Nehru, Gandhi had been involved in India’s politics most of her life and had been serving as Prime Minister since 1966. During the 1970s she had consolidated her power after being accused of corruption and had faced unrest from the opposition. After she resigned she was expelled from parliament but was soon re-elected in 1980, becoming Prime Minister again until her death.
- The first Apple II computers went on sale
2. April 1st Apple Computer, Established in Cupertino, California by Steve Jobs, Steve Wozniak, and Ronald Wayne to sell the Apple I personal computer kit
3. July The Apple I computer was nothing more than fully assembled circuit board containing about 60+ chips including microprocessor, ROMs and RAM, to make a working computer, users still had to add a case, power supply transformers, power switch, ASCII keyboard, and composite video display
4. July The First Apple I personal computer kit goes on sale for $666.66
6. January 3rd Apple Computer incorporated by Steve Jobs and Steve Wozniak
7. April 16th Unlike the original Apple I which was just a circuit board with no case etc. the Apple II was a leap forward included a case, keyboard, Power Supply and nearly everything except a screen to have a working personal computer making them available to a much wider audience.
8. April 16th The Apple II was introduced at the first West Coast Computer Faire
9. on June 5th The Apple II goes on sale for base price of $1298 rising to $2638 dependent on installed memory
The original Apple II tech spec used a MOS Technology 6502 microprocessor running at 1 MHz, 4 KB of RAM, an audio cassette interface for loading programs and storing data, and the Integer BASIC programming language built into the ROMs. The video controller displayed 24 lines by 40 columns of monochrome, upper-case-only text on the screen, with NTSC composite video output suitable for display on a TV monitor, or on a regular TV set by way of a separate RF modulator. The Apple II series of computers with refinements and upgrades were produced until production ceased in November 1993.
- Student Leader Steve Biko "dies in custody" in South Africa
- The Trans Alaskan Oil Pipeline opens on on May 31st
2. October 16th OPEC announced a decision to raise the posted price of oil by 70%, to $5.11 a barrel
3. October 17th Organization of Arab Petroleum Exporting Countries or the OAPEC (consisting of the Arab members of OPEC, plus Egypt, Syria and Tunisia) proclaimed an oil embargo in response to the U.S. decision to re-supply the Israeli military" during the Yom Kippur war
4. October 26th The Yom Kippur War ends with Israel controlling significantly more land
5. November 5th Arab producers announce a 25% output cut Oil reaches $12.00 a 6 fold increase on 12 months earlier
6. November 7th Project Independence ( to achieve energy self-sufficiency for the United States by 1980 ) announced by U.S. President Richard Nixon
7. November 7th Project Independence consisted of ( energy conservation 55 mph imposed ), Alternative Energy ( converting oil power plants to coal ) and building of Trans-Alaska Pipeline System
7. November 8th Trans-Alaska Pipeline Authorization Act created to push through construction in spite of objections
7. November 16th Trans-Alaska Pipeline Authorization Act signed into law by President Richard Nixon
8. 1974 Work begins on Trans Alaskan Oil Pipeline ( 800 miles ) that conveys oil from Prudhoe Bay, to Valdez, Alaska.
8. 1977 First oil travels through pipeline from
Alaska current oil production is estimated between 10 to 15 percent of U.S. production, this would have not have been possible without the construction of the Trans Alaskan Oil Pipeline which carries approximately 700 thousand barrels per day.
- British Public sector trade unions including Firefighters strike for wage increases over the 10% ceiling imposed by the British government
- Jimmy Carter Elected President of United States
- President Carter grants pardon to American Draft dodgers of the Vietnam War Period
- Jimmy Carter President of United States warns that Americans need to make profound changes in their Oil Consumption
- The Medal of Freedom was awarded posthumously to the Rev. Martin Luther King Jr
- In Hamilton, Bermuda British soldiers are called in to control race riots in the city
- 1977 Bucharest Earthquake - kills more than 1,500
- French is adopted as the official language of Quebec
- Nobel Peace Prize is awarded to Amnesty International
- Menachem Begin a center-right politician for the Likud party became Israel's sixth prime minister.
- Cyclone in India kills 20,000 and leaves 2 million homeless
- Roman Polanski is arrested and charged with a number of offenses including rape by use of drugs, perversion, sodomy, lewd and lascivious act upon a child
- Seattle Slew becomes only the 10th horse to win Triple Crown of Thoroughbred Racing consisting of the Kentucky Derby On May 7th , Preakness Stakes, and Belmont Stakes
- The Soviet Union launches its Soyuz 24 space mission.
During February of 1977 the Soviet Union launched the Soyuz 24 space mission. The mission carried cosmonauts Viktor Gorbatko and Yuri Glazkov on what would be the last purely military space station mission by the Soviet Union as well as the final mission to visit the Salyut 5 space station. The crew successfully completed their mission objectives and landed back on Earth eighteen days later. As a Soviet military mission, they were likely conducting reconnaissance as well as experiments.
- Jubilee celebrations are held 7th June in the United Kingdom to celebrate twenty-five years of Elizabeth II's reign
- 'Vrillon' of the 'Ashtar Galactic Command', hijacks The ITN Nightly News at ITV Southern Television for six minutes
- World Trade Center in New York, is completed
- Kelly Barnes Dam fails during the night, killing 39 people from the small bible college "Toccoa Falls Bible Institute" in Georgia .
- Two 747 jumbo jets collide at Tenerife Airport in the Canary Islands
- US Population reaches 216 million
- Opium Perfume introduced
- The last execution by guillotine
- Four Palestinian hijackers hijack a Lufthansa airliner demanding the release of 11 imprisoned members of Germany's Baader-Meinhof terrorist group, also known as the Red Army Faction
- The first Apple II computers went on sale
- NAVSTAR Global Positioning System GPS Inaugurated by US Department of defense
- The first ever Quadraphonic concert in London by Pink Floyd
- The first commercial flight Concord London to New York
- The first MRI Scanner is tested in Brooklyn
- NASA space shuttle makes its first test flight off the back of a jetliner
- Voyager I and Voyager II are launched unmanned to explore the outer solar system
Inventions Invented by Inventors and Country ( or attributed to First Use )
MRI Scanner USA by Raymond Damadian
1977 Mens and Womens Fashion ClothesPart of our Collection of Clothing From The1970's Clothing Fashions and Styles
1977 Childrens ToysPart of our toy collection From The Kids Toys From The 1970's
Popular Culture 1977
- Record company EMI sacks the controversial UK punk rock group the Sex Pistols.
- Star Wars opens in cinemas and filmgoers line up for hours to see it
- The TV Mini Series "Roots" is aired on ABC winning top audience figures, 9 Emmys and a Golden Globe
- Never Mind The Bollocks Here's The Sex Pistols is released
- The Clash release their first album "The Clash "
- Perhaps most important in Popular Culture is the development of punk music. from groups like the Ramones, Iggy Pop's ,Clash, Elvis Costello, The Stranglers, and the Sex Pistols
- The King " Elvis Presley" Dies at the age of 42 from a heart attack August 16th
- Star Wars Episode IV: A New Hope
- Smokey and the Bandit
- A Star Is Born
- Saturday Night Fever
- King Kong
- The Deep
- Close Encounters of the Third Kind
- Annie Hall
Popular Musicians and songs
- Rod Stewart
- Stevie Wonder with " I Wish "
- The Eagles with " Hotel California and New Kid in Town "
- The Bee Gees with " How Deep is your love "
- Barbra Streisand
- Barbra Streisand
- Fleetwood Mac
- Hot Chocolate
Born This Year 1977Orlando Bloom January 13th
Shakira February 2nd
Sarah Michelle Gellar April 14th
Major World Political Leaders 1977Australia 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 Till 24 March
India Prime Minister Morarji Desai From 24 March
Italy Prime Minister Giulio Andreotti
Japan Prime Minister Takeo Fukuda Mexico President José López Portillo Russia / Soviet Union
First Secretary of the CPSU Leonid Brezhnev South Africa Prime Minister Balthazar Johannes Vorster United States President Gerald Ford Till January 20,
United States President Jimmy Carter From January 20,
United Kingdom Prime Minister James Callaghan