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Tag: 1970s
NAME SOMETHING….
The 1970s Never Ended
Guest Post by John Mauldin
Big economic storms are rare and usually end quickly, but they tend to have long-lasting effects. Today I want to talk about a storm 50 years ago that still affects us now. Important things happened in the 1970s.
I personally remember that decade well. I was in my 20s and they were formative years. I met people and learned things that led me where I am now. The funny part is its larger events, important as they were in hindsight, didn’t get nearly as much attention at the time. Those events did not even register to me as important. We didn’t have social media and 24-hour news networks. The “well-informed” people read local newspapers and watched Uncle Walter (Cronkite) in the evening.
WELCOME TO THE 1970s
What worked (and didn’t work) during 1970s stagflation
Guest Post by Simon Black
When the New York Stock Exchange opened for trading on January 2, 1970, the Dow Jones Industrial Average was at 809 points.
It was the start of a new decade, and expectations were high.
Consumer confidence was high, the economy was strong, and NASA had just put a man on the moon only a few months prior.
America was ready to move on from the tumultuous 1960s and was looking forward to a boom in the 1970s.
But that didn’t happen.
Over the next 10 years, the US economy would suffer its most painful episode since the Great Depression.
Continue reading “What worked (and didn’t work) during 1970s stagflation”
THEN & NOW
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70’S SUNDAY
REMEMBER WHEN TV STOPPED EVERY NIGHT?
THE 70’s
If you didn’t risk your life at least twice a day growing up in the 70s, you were doing it wrong.
Going Back to School: The 1970s vs Today
livermoreclasspics.org
Back to School, 1970s:
1. Take the kids downtown to go shopping at Sears for back to school clothes the last week of August. Get everyone a new pair of corduroys and a striped tee shirt. Buy the boys a pair of dungarees and the girls a pair of culottes. No, Jennifer, you can’t have that orange and red poncho. Promise you will crochet her a better one with much more fringe. Get the girls a package of that rainbow, fuzzy yarn they like in their hair. You are done. You have spent a total of $43.00. Now take everyone to the Woolworth’s lunch counter for grilled cheeses and chocolate milk.
2. On the night before the first day of school (that would be the Sunday night after Labor Day, of course, you know, mid-September) throw the kids in the way back of the station wagon and drag them downtown to Eckerds, K-Mart, Ames, Dollar General, Drug Fair or the like and hurry them over to the back-to-school area to pick out a lunchbox. Make sure to tell them get a move on because you don’t have all night for them to make a damn decision. They need to get in bed by eight and yes, they’re going to miss the Wonderful World of Disney if they can’t decide between The Fonz and Dukes of Hazzard. Good Lord, why is it so hard for them to pick? Tell Kimberly if she can’t make up her mind between Holly Hobbie and The Bionic Woman then you’re going to pick Pigs in Space and you don’t want to hear another word about it until June. Grab a composition book for each of them and a pack of pencils too. That’s all they need. Remember to save some grocery bags so they can cover their textbooks with them after the first day of school.
3. Buy yourself a pack of Virginia Slims on the way out and smoke three of them on the way home.