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~Average Costs In 1978~




• Prime Rate USA 7.62% UK 8.3%
  
• Average Cost of new house $54,800.00
  
• Average Income per year $17,000.00
  
• Average Monthly Rent $260.00
  
• Gas per Gallon 63 cents
  
• 1LB of Bacon $1.20
  
• Dozen Eggs 48 Cents
  
  

  ~Popular Films~

  
  
• Grease
  
• Saturday Night Fever
  
• Close Encounters of the Third Kind
  
• National Lampoon's Animal House
  
• Jaws 2
  
• Heaven Can Wait
  
• Star Wars Episode IV: A New Hope
  
• Revenge of the Pink Panther
  
• The Deer Hunter
  
  

  What do you remember? Did you go to a Concert that year? ~Popular Musicians~ Bee Gees with "Saturday Night Fever and Stayin' Alive " Paul McCartney and Wings John Travolta and Olivia Newton-John Rolling Stones Commodores with "Three Times a Lady" Boomtown Rats ~Popular TV Programs~ Happy Days Little House on the Prairie The Rockford Files Good Morning America Saturday Night Live Wheel of Fortune Charlie's Angels Quincy, M.E. The Muppet Show CHiPs The Love Boat Three's Company

  ~World Events 1978~

  
  
• Camp David Peace Treaty Egypt makes peace with Israel
  
• Public Service strikes in UK causes major disruption to all services
  
• 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 pluges 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
  
• The European Court of Human Rights finds the United Kingdom government guilty of mistreating prisoners in Northern Ireland
  
• Sweden becomes the first nation to ban aerosol sprays that are thought to damage earth's protective ozone layer.
  
• Rhodesia's prime minister Ian Smith and three black leaders agree on the transfer to black majority rule.
  
• The oil tanker Amoco Cadiz runs aground on the coast of Brittany. causing an ecological disaster with A slick 18 miles wide and 80 miles long covered about 200 miles (320 km) of Brittany coastline
  
• Serial killer David Berkowitz, the "Son of Sam," is sentenced to 25 years to life in prison
  
• A powerful magnitude 6.5 earthquake hits Thessaloniki, Greece
  
• Pope Paul VI dies at age of 80.
  
• Cardinal Karol Wojtyla becomes Pope John Paul II
  
• Worlds Population Estimated at 4.4 billion
  

  ~Technology~

  
  
• Illinois Bell Company introduces first ever Cellular Mobile Phone System
  
• Space Invaders Launches Craze for Computer Video Games
  
• The first computer bulletin board system BBS is created
  
• 98% of all American homes have a television
  
• First Test Tube Baby is born in England a girl Louise Brown, from in vitro fertilization
  
• Invention Invented by Inventors and Country ( or attributed to First Use ) In Vitro Fertilization England "the First test tube baby is born"