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1970 – Singer Janis Joplin dies of a drug overdose at the age of 27. 1970 – The Environmental Protection Agency is created. 1970 – The Occupational Safety and Health Act, or OSHA, is signed into law. 1971 – Singer Jim Morrison dies of a drug overdose at the age of 27. 1971 – President Richard Nixon ends the United States Gold standard ...
The 1970 United States Census begins. There are 203,392,031 United States residents on this day. President Richard Nixon signs the Public Health Cigarette Smoking Act into law, banning cigarette television advertisements in the United States, starting on January 1, 1971.
After a prolonged sting investigation, Secret Service agents swoop down on organizers and prominent members of BBSs in 14 U.S. cities including the Legion of Doom, conducting early-morning raids and arrests. The arrests involve and are aimed at cracking down on credit-card theft and telephone and wire fraud.
The 1990s were the longest period of economic growth in American history up to that point. The collapse of the speculative dot-com bubble, a fall in business outlays and investments, and the September 11th attacks, [73] brought the decade of growth to an end. Despite these major shocks, the recession was brief and shallow. [74] Great Recession
October 1 – The Ideal Toy Company debuts the Evel Knievel stunt-cycle, which would go on to become one of the best-selling toys of Christmas 1973. October 6 – American Country Countdown, a country music -oriented spin off of the nationally syndicated radio program American Top 40, debuts with host Don Bowman.
Thomas Jefferson becomes the 3rd president of the United States on March 4, 1801. First Barbary War, 1801–1805. The Territory Northwest of the River Ohio is admitted to the Union as the State of Ohio (the 17th state) on March 1, 1803. The United States takes possession of the Louisiana Purchase, December 20, 1803.
May 1970 events in the United States (2 C, 8 P) June 1970 events in the United States (1 C, 4 P) July 1970 events in the United States (1 C, 6 P) August 1970 events in the United States (1 C, 6 P) September 1970 events in the United States (1 C, 3 P) October 1970 events in the United States (1 C, 2 P) November 1970 ...
In the US, the average annual inflation rate from 1900 to 1970 was approximately 2.5%. From 1970 to 1979, however, the average rate was 7.06%, and topped out at 13.29% in December 1979. [ 19 ] This period is also known for " stagflation ", a phenomenon in which inflation and unemployment steadily increased.