Cita:
What Happened in 1975 Important News and Events, Key Technology and Popular Culture
1975 In the UK inflation continues to spiral out of control reaching 24.2% the price of Petrol increased by nearly 70% in one year, but the US sees a start back down with US inflation going down to 9.2%, both governments use interest rates as a way of trying to control inflation with the US Federal Reserve at 7.25% and The Bank of England at 11.25%. Meanwhile one of the true success stories of modern times when Bill Gates and Paul Allen create the company Microsoft. The First of the new hobby computers are starting to appear including Altair 8800 and the battle for Video recorder standards of VHS and Betamax starts. This is also the year the Vietnam war finally ends. First disposable Razor, Jimmy Hoffa ex teamsters boss disappears, Suez Canal reopens, Dutch elm disease decimates Elm Trees in UK,