What Happened in 1973
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  • The 1970s
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  • Fashions

Find Out More About A Other Years in The Decade 1970 - 1971 - 1972 - 1974 - 1975 - 1976 - 1977 - 1978 - 1979
1973 Inflation has a significant impact on peoples lives around the world with the UK inflation rate running at 8.4% and the US running at 6.16% . This causes problems in every aspect of peoples lives from the price of Gas, Food and Bills , which in turn causes higher wages and the spiral continues, much of this is caused by the Arab members of the (OPEC) restricting the flow of oil to countries supporting Israel as part of the Yom Kippur War. And the start of a Recession in Europe causing increased unemployment and a 3 day week in the UK. Meanwhile in the US two important cases dominate the news with Roe v. Wade making abortion a US constitutional right on the 22nd January and the start of the Watergate hearings in the US Senate, and due to price increase of gas the Japanese car manufacturers with smaller engines and more efficient have an impact of the US car industry

Cost of Living 1973

How Much things cost in 1973
Yearly Inflation Rate USA 6.16%
Yearly Inflation Rate UK 8.4%
Year End Close Dow Jones Industrial Average 850 Average Cost of new house $32,500.00 Average Income per year $12,900.00 Average Monthly Rent $175.00 Cost of a gallon of Gas 40 cents AMC Javelin car$2,900.00 A Dozen Eggs 45 cents
Below are some Prices for UK guides in Pounds Sterling
Average House Price 9,942 Gallon of Petrol 0.35 To find more prices and information for the 70's including 1973
From Our 1973 Page Part of our 1970s Toys Selection of 250 Seventies Toys
Price: From $3.75

Pocket Transistor Radios  From The 1970s Hoppity Hops

What Events Happened in 1973

  • Arab members of the Organization of Petroleum Exporting Countries (OPEC), announce they will restrict flow of crude oil to countries supporting Israel on October 17th causing price of oil to increase by 200%
  • Alaska Oil Pipeline bill is passed to allow construction of a pipeline to access oil from the North Slope of Alaska
  • Recession begins in Europe following OPEC Oil price increases
  • Roe v. Wade makes abortion a US constitutional right
European Union
  • Britain Ireland and Denmark join the EEC
  • The Netherlands holds a number of car free Sunday's during the oil crisis to conserve oil.
  • Chrysler and other US car makers close a number of plants affecting 100,000 workers
  • US Troops withdrawn from Vietnam and U.S. involvement in Vietnam War ends with the signing of peace
  • World Trade Center in New York becomes the tallest building in the world
  • Supreme Court of the United States rules on Roe v. Wade. January 22nd
UK Kings Cross Emergency Services  Public Domain Photo
  • IRA bombs explode in King's Cross and Euston station on September 10th , the Whitehall, the Old Bailey and Manchester city center.
  • Watergate Hearings begin in the United States Senate and President Richard Nixon tells the nation , “I am not a crook.”
  • Yom Kippur War - Fourth and largest Arab-Israeli conflict begins as Egyptian and Syrian forces attack Israel
  • Sydney Opera House is opened
  • Armed members of the American Indian Movement and their supporters seize the old town of Wounded Knee in South Dakota
  • Basque Terrorists Kill Spanish Prime Minister
  • The Bosporus Bridge is completed joining Europe and Asia in Istanbul
  • Following student rioting Marshal Law is imposed
  • Military coup in Chili led by General Augusto Pinochet.
  • Israel Shoots Down Libyan Passenger Plane
  • In a Tennis Match billed as the battle of the sexes Mrs Billy Jean King defeats Bobby Riggs
  • Newly created Bangladesh Elects First Prime Minister Sheikh Mujib Rahman
  • TUC brings 1.5 Million on Strike in UK as Day Of Protest at pay restraint policy
  • Princess Anne, marries Captain Mark Phillips in Westminster Abbey
  • In the UK, as a result of high coal and oil prices, the Three-Day Week officially comes into force.
  • Belize Gains Independence From Great Britain
Northern Ireland
  • A referendum in Northern Ireland results in a vote to stay as part of the United Kingdom
  • Secretariat Wins Triple Crown first winner for 25 years
  • The wide ranging Endangered Species Act of 1973 is signed into law to "protect species and the ecosystems upon which they depend."
  • The Bahamas Gains Independence From Great Britain
  • Royal Navy Protect Trawlers in Cod War In Icelandic Waters
  • The Mississippi River reaches its peak level in St. Louis during a record 77-day flood.


  • Skylab, the United States' first space station, is launched
  • Concorde cuts flying time across the Atlantic in half flying at average speed of 954 mph
  • The Sears Tower opens in Chicago

Inventions Invented by Inventors and Country ( or attributed to First Use )
Genetic Engineering USA by S Cohen and H Boyer
Barcode USA
Optical Fiber USA
Space Station USA Skylab
Jetski or Personal Watercraft USA Clayton Jacobson II ( Original was only stand up and difficult to stay on ) manufactured by Kawasaki

From Our Seventies Fashions Pages
Squash Blossom Necklace 1973
Part of Our Seventies Fashion Section
Ruffle Fantasy Shirt 1973

Popular Culture 1973

  • Elvis Presley's Aloha From Hawaii television special is seen around the world by more than 1 billion viewers

Popular Films

  • The Exorcist
  • Deliverance
  • Live and Let Die
  • Paper Moon
  • Dark Side Of The Moon Reminded by Pink Floyd Fan
  • Last Tango in Paris
  • Jesus Christ Superstar
  • American Graffiti
  • Lady Sings the Blues
  • The Sting

Check out our Television Programmes From The 70s whenever possible we have included a trailer to jog your memory. Series trailers and more information are found on the decade they started.

Popular Musicians and songs

  • Stevie Wonder
  • ABBA
  • The Eagles
  • John Lennon
  • Paul Simon
  • Pink Floyd " Dark Side Of The Moon "
  • Rod Stewart
  • Michael Jackson
  • Elton John with " Crocodile Rock "
  • Rolling Stones with " Angie "
  • The Moody Blues
  • David Bowie
  • Led Zeppelin
  • Wizzard
  • Electric Light Orchestra
  • Paul McCartney and Wings with " My Love "
  • Bob Marley and the Wailers
  • Diana Ross

Popular TV Programmes

  • The Odd Couple
  • The Partridge Family
  • Columbo
  • Masterpiece Theatre
  • McMillan and Wife
  • Old Grey Whistle Test (UK)
  • Are You Being Served? (UK)
  • Colditz (UK)
  • Emmerdale Farm (UK)
  • M*A*S*H
  • Sanford and Son
  • The Bob Newhart Show
  • The Price Is Right
  • The Waltons

Major World Political Leaders 1973

Australia Prime Minister Brazil President Emilio Gough WhitlamMedici Canada Prime Minister Pierre Trudeau

China Chairman of the People's Republic of China Dong Biwu

France President Georges Pompidou

Germany Chancellor Willy Brandt
India Prime Minister Indira Gandhi

Italy Prime Minister

Japan Prime Minister Kakuei Tanaka Mexico President Luis Echeverría Russia / Soviet Union
First Secretary of the CPSU Leonid Brezhnev South Africa Prime Minister Balthazar Johannes Vorster United States President Richard Nixon United Kingdom Prime Minister Edward Heath
1973 Prime Minister Of Italy Giulio Andreotti Till 7 July
1973 Prime Minister Of Italy Mariano Rumor From 26 July

Political Elections This Year

British General Election 1st in 73 creates hung parliament forcing a second General Election1974 Harold Wilson ( Labour ) Edward Heath ( Conservative ) and Jeremy Thorpe ( Liberal ) No Overall Majority
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Featured From Other 1973 Pages

From Our 73 Toys Find More Here
Transistor Radio We take much of our technology for granted today but back 40 years ago a transistor radio was a big deal, solid state technology allowed the radios to be smaller, the battery to last longer and they meant you could carry a radio in your pocket, something unheard of just 10 years earlier.

From Our 73 Accessories Find More Here
Squash Blossom Necklace This reminded me very much of Hippy Fashion but the price would have put it well out of reach for most. The description offers an idea of why it was $900.00 though ( Squash blossom necklace in all its Navajo magnificence. Deftly detailed with sterling silver beads interspersing squash blossoms, vibrant with turquoise. Culminates in good-luck horseshoe )

From Our 73 Clothes Find More Here
70s Izod Paisley Slacks and Sport Coat When we look back 40 years it is interesting to see the brands we buy now styles and fashions from the period this Izod Paisley Slacks and Sport Coat offers an interesting example.

From Our 70s Electrical Find More Here
Eight Track Portable Tape PlayerIt is impossible if you lived through the 70s not to remember the many types of 8 Track Tape Players available, this example of an 8-track stereo tape player with Rosewood-finished plastic cabinet offered exciting stereo in the comfort of your living room ( Mine was in my car and one of the things I remember most was the tape getting stuck and messed up inside the player )

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