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As the decade of the seventies began on Jan. 1, 1970:
Top Headline of the Quarter:
IN HIS STATE-OF-THE-UNION MESSAGE, PRESIDENT NIXON CALLS FOR A "NEW AMERICAN
EXPERIENCE" OF EQUALITY OF OPPORTUNITY AND GOVERNMENT RESPONSIVENESS TO
CITIZENS' NEEDS. THE JURY IN THE TRIAL OF THE "CHICAGO SEVEN" FINDS THE
DEFENDANTS NOT GUILTY. PAN AM FLIES A 747 FROM N.Y. TO LONDON FOR THE FIRST TIME
WITH 330 PASSENGERS.
Prices:
House $40,000, Car $3,542, Milk $1.32, Gas $.36, Bread $.24, Stamp $.06, Average
Income $11,106, Dow 839.
President:
Richard Nixon Vice President: Spiro Agnew
In 1970, the following made headlines:
In Libya, Colonel Muammar Qaddafi assumes power as premier after more than a year in power, despite attempts to overthrow him.
Books in print now include Saul Bellow's Mr. Sammler's Planet, James Dickey's Deliverance, and Love Story, by classics professor-turned-writer Erich Segal.
As the decade of the seventies closed on Dec. 31, 1979:
Top Headline of the Quarter:
MUSLIM STUDENTS IN IRAN STORM THE U.S. EMBASSY IN TEHERAN, TAKING 66 AMERICANS
HOSTAGE. THE STUDENTS DEMAND THAT THE SHAH RETURN TO FACE TRIAL. CARTER CALLS
FOR THE DEPORTATION OF ALL IRANIAN STUDENTS IN THE U.S. ILLEGALLY, AND IRANIAN
ASSETS ARE FROZEN IN AMERICAN BANKS. LEE A. IACOCCA SUCCEEDS JOHN RICCARDO AS
CEO OF CHRYSLER.
Prices:
House $71,800, Car $6,847, Milk $1.50, Gas $.88, Bread $.40, Stamp $.15, Average
Income $22,316, Dow 839.
President: Jimmy Carter Vice President: Walter Mondale