1976
In 1976 America was at its two hundred year mark of independence from Great Britain. It was also when the two dollar bill was instituted, which would later be taken away.
Expenses of living in 1976: buying a new house would cost 43,000 dollars, at average. The average yearly income was 16,000 dollars. A gallon of gas would only cost 59 cents. The inflation rate was 5.75 %.
Expenses of living in 1976: buying a new house would cost 43,000 dollars, at average. The average yearly income was 16,000 dollars. A gallon of gas would only cost 59 cents. The inflation rate was 5.75 %.
During 1976, a gallon of gas was only 59 cents. The price has risen greatly since then.