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History of What Things Cost in America

1975

-An Apple II computer cost $1300 (1977)
-A six-pack of beer cost $1.49 (1978)
-A microwave cost $168 (1978)
-One movie ticket cost $1 (Chicago, 1978)
-One pound of coffee cost $1.40
-$1 in 1975 = $3.98 today

In in the mid-1970’s, the United States was experiencing one of its worst economic crises since the Great Depression. Oil prices skyrocketed and, in 1978, the price of regular gasoline went above $1.00 per gallon for the first time. In 1975, 120,000 Americans declared bankruptcy and unemployment hit 9.2 percent. That same year, McDonald’s opened its first drive-thru restaurant.

(iStock Photo)

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