Way Back..... 1978

1978

Yearly Inflation Rate USA7.62%

Year End Close Dow Jones Industrial Average 805

Interest Rates Year End Federal Reserve 11.75%

Cost of a gallon of Gas 63 cents

Camp David Peace Treaty Egypt makes peace with Israel

US Teachers strike extend summer holidays for thousands of students

After nearly 30 years The Volkswagen Beetle stops production having manufactured 20 million cars

Worldwide Unemployment rises after several decades of near full employment

The US Dollar plunges to record low against many European currencies

The Japanese car Imports account for half the US import market following the energy crisis and increase in fuel prices that fuels demand for economy cars

Serial killer David Berkowitz, the "Son of Sam," is sentenced to 25 years to life in prison

The US stops production of the Neutron Bomb ( Kills People but leaves buildings and infrastructure standing )

The first Susan B. Anthony Dollar is minted on December 13th

Illinois Bell Company introduces first ever Cellular Mobile Phone System

The first computer bulletin board system BBS is created

98% of all American homes have a television