1975 - YEAR IN REVIEW
ECONOMICS
Federal spending: $332.33 billion
Federal debt: $541.9 billion
Median Household Income: (current dollars): $11,800
Consumer Price Index: 53.8
Unemployment: 8.5% - Highest since 1941
Population: 215,973,199
Cost of a first-class stamp: $0.10 ($0.13 as of 12/31/75)
Cost of a gallon of regular gas: $0.57
Cost of a dozen eggs: $0.77
Cost of a gallon of Milk: $1.57
SPORTS
World Series: Cincinnati d. Boston Red Sox (4-3)
NBA Championship: Golden State Warriors d. Washington Bullets (4-0)
Stanley Cup: Philadelphia d. Buffalo (4-2)
Wimbleton - Women: Billie Jean King d. E. Crawley (6-0 6-1)
Wimbleton - Men: Arthur Ashe d. J. Connors (6-1 6-1 5-7 6-4)
Kentucky Derby Champion: Foolish Pleasure
NCAA Basketball Championship: UCLA d. Kentucky (92-85)
NCAA Football Championship: Oklahoma (11-1-0)
EVENTS
- ABC, CBS and NBC agree to create a "family hour," an early evening time slot that is free of violence and sex.
Saturday Night Live premieres on NBC. George Carlin hosts the first show.
One Flew Over the Cuckoo's Nest sweeps the top Oscars, winning Best Picture, Director, Actor, and Actress.
MOVIES
- One Flew Over the Cuckoo's Nest, Jaws, Nashville, Dog Day Afternoon, Barry Lyndon
BOOKS
-
Saul Bellow, Humboldt's Gift
E.L. Doctorow,Ragtime
Galway Kinnell,The Avenue Bearing the Initial of Christ into the New World
William Safire, Before the Fall
Anne Sexton,The Awful Rowing Toward God
US EVENTS
-
President of the United States: Gerald R. Ford
-
- John N. Mitchell, H. R. Haldeman, John D. Ehrlichman found guilty of Watergate cover-up (Jan. 1); sentenced to 30 months to 8 years in jail (Feb. 21).
President Ford escapes assassination attempt in Sacramento, Calif. (Sept. 5).
President Ford escapes second assassination attempt in 17 days (Sept. 22).WORLD EVENTS -
Pol Pot and
Khmer Rouge take over
Cambodia (April).
The city of Saigon is surrendered and remaining Americans are evacuated, ending the Vietnam War (April 30).
American merchant ship Mayaguez, seized by Cambodian forces, is rescued in operation by US Navy and Marines, 38 of whom are killed (May 15).
Apollo and Soyuz spacecraft take off for US-Soviet link-up in space (July 15).
- 1975 VIDEO TIMELINE
- John N. Mitchell, H. R. Haldeman, John D. Ehrlichman found guilty of Watergate cover-up (Jan. 1); sentenced to 30 months to 8 years in jail (Feb. 21).
Vice President of the United States: Nelson A. Rockefeller