Difference between revisions of "1973"

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=== Heading ===
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=== The First OPEC Oil Crisis ===
 
'''Contributed by Alex Shrugged'''
 
'''Contributed by Alex Shrugged'''
  
Text
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In reaction to the Six Day War with Israel, the Arab oil producing countries used oil as an economic tool to punish countries that supported Israel. It didn't work, but since that time the US dollar has been devalued twice. President Nixon has abandoned the last vestiges of the gold standard. The US dollar is now a free-floating fiat currency. Wage and price freezes have allowed food prices to rise while wages stay the same. Industry in the UK is forced to a three-day work week to conserve power during a coal strike. 1.6 million workers strike in protest of a crippled economy. They want food! (Soylet Green is people! Oh, wait. That's a movie. Never mind.) The London Stock Exchange loses 74% of its value. Then in October, the Yom Kippur War is fought and the Arabs lose big time. Once again, the Arab countries embargo their oil, but this time they are supported by OPEC which includes non-Arab countries. The price of oil quadruples. Shipping costs skyrocket. Consumers have no choice but to cut back on travel, cancel vacations, delay purchases. Many are forced to trade in their Ford Mustang for a Pinto or even... (gasp!)... A TOYOTA! (Oh how the mighty have fallen.) I pull down my copy of ''Famine-1975!'' It's really going to happen. Isn't it?
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<ref>
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{{cite web
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| url = http://content.time.com/time/magazine/article/0,9171,910532,00.html
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| title  = The Economy: A Gilt-Edged Year for the Stock Market - TIME
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| date = January 8, 1973
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| quote = THE first definitive year-end report card on the economy&mdash;the stock market average on the final day of trading &mdash;was cause for solid optimism on the part of investors. Last week the Dow Jones Industrial Average closed at 1020 &mdash;up 130 points for the year, a remarkable gain of 15%.
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| accessdate = 30 March 2017
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}}
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</ref>
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<ref>
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{{cite news
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| url = http://www.nytimes.com/1973/12/12/archives/price-quadruples-for-iran-crude-oil-dismayed-purchasers-fear-a-new.html?_r=0
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| title  = PRICE QUADRUPLES FOR IRAN CRUDE OIL - The New York Times
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| first1 = WILLIAM D.
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| last1  = SMITH
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| date = December 12, 1973
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| quote = You buy our crude oil and sell it hack to us, refined as petrochemicals, at a hundred times the price you've paid us. You make us pay more, scandalously more, for everything, and it's only fair that, from now on, you should pay more for oil. Let's say...10 times more
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| accessdate = 30 March 2017
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}}
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</ref>
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<ref>[https://en.wikipedia.org/wiki/1973_oil_crisis 1973 oil crisis - Wikipedia], 2014 [last update]</ref>
  
{{AlexShruggedComments|}}
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{{AlexShruggedComments|Nope. Close, though. You might be asking, "But Alex! Don't we have our own oil wells?" Yes we do, but it takes time get production going again, and even after the embargo was lifted, oil prices remained high. The proposed Trans-Alaska Oil pipeline suddenly received overwhelming support. It had been blocked by energetic environmentalists. (FYI, the caribou LOVE the pipeline because it keeps them warm!) OPEC got richer in the short-term, but they lost market share in the long term as people found alternatives to OPEC oil. Higher energy prices make alternative energy economically viable. That is why you see Saudi Arabia pumping as much oil as it can today. Keeping OPEC oil prices low shuts down alternatives like shale oil and hydrogen-fueled cars. So the OPEC oil keeps on flowing, keeping fuel prices low for you and me. Will we ever learn? Maybe. OPEC has recently struck a deal that allows oil shale to remain a viable alternative. That means higher oil prices though. The perfect balance of price vs security is an elusive goal. <ref>[https://en.wikipedia.org/wiki/Salter%27s_duck Salter's duck - Wikipedia], 2014 [last update]</ref> <ref>Salter, Stephen Hugh. [http://www.google.com/patents/US3928967 Patent US3928967 - Apparatus and method for extracting wave energy (Original Salter Patent)], google.com, Filing date: 1974-Nov-6.</ref> <ref>[https://en.wikipedia.org/wiki/Wave_power Wave power - Wikipedia], 2014 [last update]</ref> <ref>[https://en.wikipedia.org/wiki/Stephen_Salter Stephen Salter - Wikipedia], 2014 [last update]</ref> <ref>
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{{cite web
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| url = http://www.history.com/topics/energy-crisis
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| title  = Energy Crisis (1970s) - Facts & Summary - HISTORY.com
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| date = 2017
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| quote = In addition to causing major problems in the lives of consumers, the energy crisis was a huge blow to the American automotive industry, which had for decades turned out bigger and bigger cars and would now be outpaced by Japanese manufacturers producing smaller and more fuel-efficient models.
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| accessdate = 30 March 2017
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}}
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</ref> <ref>
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{{cite web
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| url = http://www.marketwatch.com/story/why-us-shale-producers-are-the-biggest-winner-from-opecs-oil-deal-2016-12-05
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| title  = Why U.S. shale producers are the biggest winner from OPEC’s oil deal - MarketWatch
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| date = 2017
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| quote = Major oil producers from around the globe managed to strike a deal to help the market find a balance between demand and a glut of supplies that has weighed on prices for more than two years.  So far, the oil market has cheered the agreement, but the true winner may be the U.S. shale-oil industry.
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| accessdate = 30 March 2017
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}}
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</ref> <ref>
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{{cite web
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| url = http://www.marketwatch.com/story/rising-us-shale-oil-output-threatens-opecs-production-pact-2017-01-17
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| title  = Rising U.S. shale-oil output threatens OPEC’s production pact - MarketWatch
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| date = 2017
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| quote = The oil market got a stark reminder Tuesday that rising oil production in the U.S. could upend efforts by major producers to bring global supply and demand for crude back in to balance.  Just ahead of the settlement for oil futures prices US:CLG7  on the New York Mercantile Exchange on Tuesday, the Energy Information Administration released a report on drilling productivity&mdash;forecasting a monthly rise of 41,000 barrels a day in February oil production to 4.748 million barrels a day.
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| accessdate = 30 March 2017
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}}
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</ref>}}
  
=== Heading ===
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=== Tax Evasion Costs Agnew the Presidency ===
 
'''Contributed by Southpaw Ben'''
 
'''Contributed by Southpaw Ben'''
  
Text
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This year Spiro Agnew, Vice President of the United States, became the second Vice President to resign from office, and was the only one to do so due to criminal charges. After being investigated by the United States Attorney for the District of Maryland for a variety of charges, including extortion, tax evasion and bribery, he was charged with accepting over $100,000 in bribes while a Baltimore County Executive, the Governor of Maryland, and the Vice President. On the 10th of October, Agnew plead no contest to a single charge, $29,500 of unreported income in 1967, on the condition that he would resign from his post of Vice President of the United States. After various later civil lawsuits, he paid the state of Maryland almost $270,000 over the bribery charges. When one looks at the fall out later this year from Watergate, we see that Agnew's poor decisions cost him the presidency.
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<ref>https://en.wikipedia.org/wiki/Spiro_Agnew</ref>
  
{{SouthpawBenComments|}}
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{{SouthpawBenComments|As with Watergate itself, we see how a small decision, or, in this case, series of decisions, can alter the path of world history. Had Agnew paid his taxes and taken his bribes in a legal fashion, we would have had President Agnew, 38th president of the US. Instead, we wind up getting the House Minority Leader Gerald Ford in this role.}}
  
=== Heading ===
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=== The Sexual Suicide of America ===
'''Contributed by Someone'''
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'''Contributed by Alex Shrugged'''
  
Text
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In contradiction to the trend of free love and the joys of sex, George F. Gilder publishes his jaw-dropping book, "Sexual Suicide". In it, he details what society is doing to destroy the human male's role in society. He answers anthropologist Margaret Mead's question on society, "What do we do with the men?" Apparently the answer is, "Not a darn thing." He predicts that society will be forced to follow the rhythms of the sexually promiscuous male, rather than the more sensible, future-looking female who is looking out for society as a whole. In other words, we are cutting our own throats, and going for the short-term gain. Whatever feels good. But no worries. That is all in the future. It will all work out in the end. Won't it?
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<ref>[https://en.wikipedia.org/wiki/George_Gilder#Bibliography_.28partial.29 George Gilder - Wikipedia], 2014 [last update]</ref>
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<ref>[https://en.wikipedia.org/wiki/Geneshaft Geneshaft - Wikipedia], 2014 [last update]</ref>
  
: <big>'''My Take''' by Someone</big>
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{{AlexShruggedComments|Golly... my computer went haywire, and it just came back, so you are getting a first draft right off the top of my head. Gilder's book is amazing, but it is definitely male-oriented. If you are a member of the no-sissies-he-man club, then this is the book for you. It is still in print, re-released and updated under the lack-luster title, "Men and Marriage". (Oh, come on, George!) If you are of the female persuasion, you will probably like a different book that makes the same point, only more congenially. It is entitled, "Why Men Are the Way They Are" by Dr. Warren Farrell. He is a former member of N.O.W., but it seems not to have corrupted his brain. Very sensible book, if a little wimpy for my tastes. I am the "he-man" type. }}
 
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=== Notable Births ===
 
=== Notable Births ===
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=== This Year in Film ===
 
=== This Year in Film ===
  
:* '''xxx''': . <ref name="thisyearinfilm">
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:* '''The Sting''': Con men seek revenge for the murder of their old friend. Ragtime music becomes popular again. <ref name="thisyearinfilm">
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_film | date = {{PAGENAME}}
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_film | date = {{PAGENAME}}
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| accessdate = 27 January 2017
 
| title = {{PAGENAME}} in film - Wikipedia
 
| title = {{PAGENAME}} in film - Wikipedia
 
}}
 
}}
 
</ref>
 
</ref>
  
:* '''xxx''': . <ref name="thisyearinfilm">
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:* '''The Exorcist''': Linda Blair plays a girl possessed by the devil. The music "Tubular Bells" becomes popular. <ref name="thisyearinfilm">
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_film | date = {{PAGENAME}}
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_film | date = {{PAGENAME}}
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| accessdate = 27 January 2017
 
| title = {{PAGENAME}} in film - Wikipedia
 
| title = {{PAGENAME}} in film - Wikipedia
 
}}
 
}}
 
</ref>
 
</ref>
  
:* '''xxx''': . <ref name="thisyearinfilm">
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:* '''American Graffiti''': Young people coming of age. These young actors are future big names: Harrison Ford, Richard Dryfus, Ron Howard and more. <ref name="thisyearinfilm">
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_film | date = {{PAGENAME}}
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_film | date = {{PAGENAME}}
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| accessdate = 27 January 2017
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| title = {{PAGENAME}} in film - Wikipedia
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}}
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</ref>
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:* -- '''And the controversial...'''" ''Jesus Christ Superstar'', ''Soylent Green'' and ''Westworld''. <ref name="thisyearinfilm">
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{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_film | date = {{PAGENAME}}
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| accessdate = 27 January 2017
 
| title = {{PAGENAME}} in film - Wikipedia
 
| title = {{PAGENAME}} in film - Wikipedia
 
}}
 
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</ref>
 
</ref>
  
:* '''The OPEC Oil Crisis is crushing record sales''': Oil products are used to make plastic records. <ref name="thisyearinmusic">
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:* '''The OPEC Oil Crisis is depressing record sales''': Oil products are used to make plastic records. <ref name="thisyearinmusic">
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_music | date = {{PAGENAME}}
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_music | date = {{PAGENAME}}
 
| accessdate = 30 January 2017
 
| accessdate = 30 January 2017
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=== This Year in Video Games ===
 
=== This Year in Video Games ===
  
:* '''Pong clones dominate''': Sega and Midway license Pong from Atari. <ref name="thisyearinvideogaming">
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:* '''Pong clones dominate''': Jukebox and arcade game companies scramble to take advantage of the video game craze. <ref name="thisyearinvideogaming">
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_video_gaming | date = {{PAGENAME}}
 
{{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}}_in_video_gaming | date = {{PAGENAME}}
 
| title = {{PAGENAME}} in music - Wikipedia
 
| title = {{PAGENAME}} in music - Wikipedia
 
}}
 
}}
 
</ref>
 
</ref>
 
'''NOTE''': Various jukebox and arcade game companies are scrambling to take advantage of the growing video game craze.
 
  
 
=== In Other News ===
 
=== In Other News ===
'''These are events under consideration.'''
 
 
* '''It's LITE Beer''' - The Miller Brewing Company introduces Lite Beer... "Great Taste...Less Filling!" <ref>[https://en.wikipedia.org/wiki/Miller_Lite Miller Lite - Wikipedia], 2014 [last update]</ref>
 
 
* '''The US Dollar is Devalued''' - President Nixon devalues the dollar 10%. This is the second devaluation of the dollar. <ref>[http://www.thecrimson.com/article/1973/2/13/dollar-devalued-10-per-cent-japan/ Dollar Devalued 10 Per Cent; Japan Decides to Float Yen]. The Harvard Crimson. 1973-Feb-13. quote: "The United States last night devalued the dollar by 10 per cent in an effort to solve the international monetary crisis. It was the second dollar devaluation in little over a year."</ref>
 
 
* '''Federal Express Delivers''' - FedEx begins operations. The founder, Fred Smith, got a "C" on his original paper proposing an overnight delivery service by air. <ref>[https://en.wikipedia.org/wiki/FedEx_Express FedEx Express - Wikipedia], 2014 [last update]</ref>
 
 
* '''ATMs are Patented''' - The patent for the first Automatic Teller Machine (ATM) is granted. <ref>[https://en.wikipedia.org/wiki/Donald_Wetzel Donald Wetzel - Wikipedia], 2014 [last update]</ref>
 
 
* '''The First Cell Phone Call''' - Motorola's Martin Cooper makes the first cell phone call to his competitor, Joel Engle, at Bell Labs and says, "Joel... I'm calling you from a cell phone... a REAL cell phone!" The Dyanatech weighs two and a half pounds and has a battery life of 20 minutes. <ref>Laporte, Leo. (interviewer) [https://www.youtube.com/watch?v=qvHtpSGUov4 Triangulation 143: Marty Cooper]. YouTube.com. 2014-Mar-17. Time mark: 7 minutes 30 seconds into the interview. (VIDEO) </ref> <ref>[https://en.wikipedia.org/wiki/Martin_Cooper_(inventor) Martin Cooper (inventor) - Wikipedia], 2014 [last update]</ref><ref>[https://en.wikipedia.org/wiki/Joel_S._Engel Joel S. Engel - Wikipedia], 2014 [last update]</ref>
 
 
* '''Congress Makes Us Safe''' - The US Drug Enforcement Agency, "Special Education" and the Endangered Species Act are enacted.  <ref>[https://en.wikipedia.org/wiki/Drug_Enforcement_Administration Drug Enforcement Administration - Wikipedia], 2014 [last update]</ref> <ref>[https://en.wikipedia.org/wiki/Special_Education Special education - Wikipedia], 2014 [last update]</ref> <ref>[https://en.wikipedia.org/wiki/Endangered_Species_Act Endangered Species Act - Wikipedia], 2014 [last update]</ref>
 
 
* '''G. Gordon Liddy Goes to Prison''' - The guy who will sell gold on TV as early as 2008 begins his prison sentence for his part in the Watergate wiretapping break-in. <ref>[https://en.wikipedia.org/wiki/G._Gordon_Liddy G. Gordon Liddy - Wikipedia], 2014 [last update]</ref> <ref>[https://www.youtube.com/watch?v=ee6bKvsD-rU Vida's First Commercial (with G. Gordon Liddy)], YouTube.com,  Uploaded: 2008-Sep-24. (VIDEO)</ref>
 
 
* '''The World Trade Center Opens''' - It will be attacked with a truck bomb in 1975 and then collapse when two hijacked airplanes will crash into the towers in 2001. <ref>[https://en.wikipedia.org/wiki/World_Trade_Center World Trade Center - Wikipedia], 2014 [last update]</ref>
 
 
* '''Rowe vs Wade Abortion Ruling''' - The Supreme Court removes the power of states to prohibit abortions and sets standards for the viability of a fetus. America will learn what a fetus is, what a trimester is and forget what "viability" means. <ref>[https://en.wikipedia.org/wiki/Roe_v._Wade Roe v. Wade - Wikipedia], 2014 [last update]</ref>
 
 
* '''The Vietnam War and the War Powers Act''' - The Paris Peace Accords end the US involvement in the Vietnam War. Also the '''War Powers Act''' becomes law, limiting Presidents from getting involved in "Police Actions" like Vietnam....supposedly. <ref>[https://en.wikipedia.org/wiki/Paris_Peace_Accords Paris Peace Accords - Wikipedia], 2014 [last update]</ref> <ref>[https://en.wikipedia.org/wiki/War_Powers_Resolution War Powers Resolution - Wikipedia], 2014 [last update]</ref>
 
 
 
'''United Kingdom'''
 
 
* '''Coal Shortages Force a 3-Day Work Week''' - A coal miner's strike forces the UK government to reduce the work week to 3 days in order to conserve commercial electricity usage from coal-burning power plants. Television stations are required to shutdown by 10:30 PM. <ref>[https://en.wikipedia.org/wiki/Three-Day_Week Three-Day Week - Wikipedia], 2014 [last update]</ref> 
 
 
:* '''1.6 million UK workers stop working''': They are protesting the Government's anti-inflation policy. <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Cod Wars: British fishers defy the 50 mile limit around Iceland''':  See [[Second Cod War]]. <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''The PIRA explode bombs in Whitehall and the Old Bailey''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
 
'''Soviet Union'''
 
 
:* '''Soviet copyright law places all works prior to this date into the public domain''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Leonid Brezhnev addresses the American people on TV''': He is the 1st Soviet leader to do so. <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
 
:* '''[[Namco]] releases Mach Storm'': It is a flight simulator of the McDonnell Douglas F-4 Phantom II. You get to bomb the North Vietnamese and the Soviets! <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Nixon says "I am not a crook."''': Only crooks feel compelled to say that. <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Nixon fires Special Prosecutor Archibald Cox''': Calls for Nixon's impeachment ensues. It also sets up Robert Bork to be denied a place on the Supreme Court years later. <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''VP Spiro T. Agnew pleasd "no contest" to tax evasion charges''': He resigns as VP. Gerald Ford is now VP. <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Skylab becomes the 1st US Space Station''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Pioneer 10 sends back pictures of Jupiter''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Roe v. Wade overturns the states' right to ban abortion''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''The Tran-Alaska Pipeline is approved''': Carabou celebrate. <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Chile's goivernment is overthrown by operatives of the US govenment''': See [[1973 Chilean coup d'état|a military coup]] and [[Salvador Allende]]. <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Federal Express begins opperations''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Miller Lite Beer is introduced''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''The Endangered Species Act is passed into law''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Indian activists hold off federal authorities at Wounded Knee... again''': .<ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''The OPEC oil embargo triggers an energy crisis''':  . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
 
:* '''Comet Kohoutek is discovered''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
 
  
:* '''Ferdinand Marcos becomes President for Life of the Philippines''': . <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
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:* '''Federal Express delivers''': Fred Smith's professor gave him a "C" on his college paper proposing an overnight delivery service by air. (This is why you don't allow professors to run businesses.''--alexshrugged'') <ref>[https://en.wikipedia.org/wiki/FedEx_Express FedEx Express - Wikipedia], 2014 [last update]</ref>
  
 +
:* '''The first cell phone call is made''' - Motorola's Martin Cooper calls his competitor, Joel Engle, at Bell Labs, "Joel... I'm calling you from a cell phone... a REAL cell phone!" It weighs 2.5 pounds and the battery lasts 20 minutes. It's a start. <ref>Laporte, Leo. (interviewer) [https://www.youtube.com/watch?v=qvHtpSGUov4 Triangulation 143: Marty Cooper]. YouTube.com. 2014-Mar-17. Time mark: 7 minutes 30 seconds into the interview. (VIDEO) </ref> <ref>[https://en.wikipedia.org/wiki/Martin_Cooper_(inventor) Martin Cooper (inventor) - Wikipedia], 2014 [last update]</ref><ref>[https://en.wikipedia.org/wiki/Joel_S._Engel Joel S. Engel - Wikipedia], 2014 [last update]</ref>
  
:* '''The Yom Kippur War begins''': This is the 4th and largest Arab–Israeli conflict. <ref name="eventsthisyear"> {{cite web | url = https://en.wikipedia.org/wiki/{{PAGENAME}} | title = {{PAGENAME}} - Wikipedia }} </ref>
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:* '''Rowe vs. Wade makes abortion legal!''' Actually, it was already legal. This ruling forces all states to allow abortion on demand. Years of fighting begin. <ref>[https://en.wikipedia.org/wiki/Roe_v._Wade Roe v. Wade - Wikipedia], 2014 [last update]</ref>
  
 
=== This Year in Wikipedia ===
 
=== This Year in Wikipedia ===

Latest revision as of 16:35, 30 March 2017

Contents

[edit] The First OPEC Oil Crisis

Contributed by Alex Shrugged

In reaction to the Six Day War with Israel, the Arab oil producing countries used oil as an economic tool to punish countries that supported Israel. It didn't work, but since that time the US dollar has been devalued twice. President Nixon has abandoned the last vestiges of the gold standard. The US dollar is now a free-floating fiat currency. Wage and price freezes have allowed food prices to rise while wages stay the same. Industry in the UK is forced to a three-day work week to conserve power during a coal strike. 1.6 million workers strike in protest of a crippled economy. They want food! (Soylet Green is people! Oh, wait. That's a movie. Never mind.) The London Stock Exchange loses 74% of its value. Then in October, the Yom Kippur War is fought and the Arabs lose big time. Once again, the Arab countries embargo their oil, but this time they are supported by OPEC which includes non-Arab countries. The price of oil quadruples. Shipping costs skyrocket. Consumers have no choice but to cut back on travel, cancel vacations, delay purchases. Many are forced to trade in their Ford Mustang for a Pinto or even... (gasp!)... A TOYOTA! (Oh how the mighty have fallen.) I pull down my copy of Famine-1975! It's really going to happen. Isn't it? [1] [2] [3]

My Take by Alex Shrugged
Nope. Close, though. You might be asking, "But Alex! Don't we have our own oil wells?" Yes we do, but it takes time get production going again, and even after the embargo was lifted, oil prices remained high. The proposed Trans-Alaska Oil pipeline suddenly received overwhelming support. It had been blocked by energetic environmentalists. (FYI, the caribou LOVE the pipeline because it keeps them warm!) OPEC got richer in the short-term, but they lost market share in the long term as people found alternatives to OPEC oil. Higher energy prices make alternative energy economically viable. That is why you see Saudi Arabia pumping as much oil as it can today. Keeping OPEC oil prices low shuts down alternatives like shale oil and hydrogen-fueled cars. So the OPEC oil keeps on flowing, keeping fuel prices low for you and me. Will we ever learn? Maybe. OPEC has recently struck a deal that allows oil shale to remain a viable alternative. That means higher oil prices though. The perfect balance of price vs security is an elusive goal. [4] [5] [6] [7] [8] [9] [10]

[edit] Tax Evasion Costs Agnew the Presidency

Contributed by Southpaw Ben

This year Spiro Agnew, Vice President of the United States, became the second Vice President to resign from office, and was the only one to do so due to criminal charges. After being investigated by the United States Attorney for the District of Maryland for a variety of charges, including extortion, tax evasion and bribery, he was charged with accepting over $100,000 in bribes while a Baltimore County Executive, the Governor of Maryland, and the Vice President. On the 10th of October, Agnew plead no contest to a single charge, $29,500 of unreported income in 1967, on the condition that he would resign from his post of Vice President of the United States. After various later civil lawsuits, he paid the state of Maryland almost $270,000 over the bribery charges. When one looks at the fall out later this year from Watergate, we see that Agnew's poor decisions cost him the presidency. [11]

My Take by Southpaw Ben
As with Watergate itself, we see how a small decision, or, in this case, series of decisions, can alter the path of world history. Had Agnew paid his taxes and taken his bribes in a legal fashion, we would have had President Agnew, 38th president of the US. Instead, we wind up getting the House Minority Leader Gerald Ford in this role.

[edit] The Sexual Suicide of America

Contributed by Alex Shrugged

In contradiction to the trend of free love and the joys of sex, George F. Gilder publishes his jaw-dropping book, "Sexual Suicide". In it, he details what society is doing to destroy the human male's role in society. He answers anthropologist Margaret Mead's question on society, "What do we do with the men?" Apparently the answer is, "Not a darn thing." He predicts that society will be forced to follow the rhythms of the sexually promiscuous male, rather than the more sensible, future-looking female who is looking out for society as a whole. In other words, we are cutting our own throats, and going for the short-term gain. Whatever feels good. But no worries. That is all in the future. It will all work out in the end. Won't it? [12] [13]

My Take by Alex Shrugged
Golly... my computer went haywire, and it just came back, so you are getting a first draft right off the top of my head. Gilder's book is amazing, but it is definitely male-oriented. If you are a member of the no-sissies-he-man club, then this is the book for you. It is still in print, re-released and updated under the lack-luster title, "Men and Marriage". (Oh, come on, George!) If you are of the female persuasion, you will probably like a different book that makes the same point, only more congenially. It is entitled, "Why Men Are the Way They Are" by Dr. Warren Farrell. He is a former member of N.O.W., but it seems not to have corrupted his brain. Very sensible book, if a little wimpy for my tastes. I am the "he-man" type.

[edit] Notable Births

  • Monica Lewinsky: White House intern and love interest of President Bill Clinton. (Note: Alex Shrugged has a tenuous connection with the Lewinsky family.) [14] [15]
  • -- Supermodels... Tyra Banks and Heidi Klum. [14]
  • -- In Comedy... Dave Chappelle, Seth MacFarlane (Family Guy), Seth Meyers (SNL), and Kristen Wiig (SNL). [14]
  • -- In TV... Tori Spelling (90210). [14]
  • -- In Sports... Terrell Owens. [14]

[edit] This Year in Film

  • The Sting: Con men seek revenge for the murder of their old friend. Ragtime music becomes popular again. [16]
  • The Exorcist: Linda Blair plays a girl possessed by the devil. The music "Tubular Bells" becomes popular. [16]
  • American Graffiti: Young people coming of age. These young actors are future big names: Harrison Ford, Richard Dryfus, Ron Howard and more. [16]
  • -- And the controversial..." Jesus Christ Superstar, Soylent Green and Westworld. [16]

[edit] This Year in TV

  • The Six Million Dollar Man: Bionic implants give a former astronaut superhuman strength. [17]
  • Kojak: Actor Telly Savalas becomes the icon for American shoot-em-up TV. [17]
  • Schoolhouse Rock!: A series of educational, animated shorts. (Effective.--alexshrugged) [17]

[edit] This Year in Music

  • Angie: The Rolling Stones. [18]
  • Tie a Yellow Ribbon 'round the Old Oak Tree: Tony Orlando & Dawn. [18]
  • Crocodile Rock: Elton John. [18]
  • The OPEC Oil Crisis is depressing record sales: Oil products are used to make plastic records. [18]

[edit] This Year in Video Games

  • Pong clones dominate: Jukebox and arcade game companies scramble to take advantage of the video game craze. [19]

[edit] In Other News

  • Federal Express delivers: Fred Smith's professor gave him a "C" on his college paper proposing an overnight delivery service by air. (This is why you don't allow professors to run businesses.--alexshrugged) [20]
  • The first cell phone call is made - Motorola's Martin Cooper calls his competitor, Joel Engle, at Bell Labs, "Joel... I'm calling you from a cell phone... a REAL cell phone!" It weighs 2.5 pounds and the battery lasts 20 minutes. It's a start. [21] [22][23]
  • Rowe vs. Wade makes abortion legal! Actually, it was already legal. This ruling forces all states to allow abortion on demand. Years of fighting begin. [24]

[edit] This Year in Wikipedia

Year 1973, Wikipedia.

[edit] See Also

[edit] References

  1. The Economy: A Gilt-Edged Year for the Stock Market - TIME (January 8, 1973). Retrieved on 30 March 2017. “THE first definitive year-end report card on the economy—the stock market average on the final day of trading —was cause for solid optimism on the part of investors. Last week the Dow Jones Industrial Average closed at 1020 —up 130 points for the year, a remarkable gain of 15%.”
  2. "PRICE QUADRUPLES FOR IRAN CRUDE OIL - The New York Times", December 12, 1973. Retrieved on 30 March 2017. “You buy our crude oil and sell it hack to us, refined as petrochemicals, at a hundred times the price you've paid us. You make us pay more, scandalously more, for everything, and it's only fair that, from now on, you should pay more for oil. Let's say...10 times more” 
  3. 1973 oil crisis - Wikipedia, 2014 [last update]
  4. Salter's duck - Wikipedia, 2014 [last update]
  5. Salter, Stephen Hugh. Patent US3928967 - Apparatus and method for extracting wave energy (Original Salter Patent), google.com, Filing date: 1974-Nov-6.
  6. Wave power - Wikipedia, 2014 [last update]
  7. Stephen Salter - Wikipedia, 2014 [last update]
  8. Energy Crisis (1970s) - Facts & Summary - HISTORY.com (2017). Retrieved on 30 March 2017. “In addition to causing major problems in the lives of consumers, the energy crisis was a huge blow to the American automotive industry, which had for decades turned out bigger and bigger cars and would now be outpaced by Japanese manufacturers producing smaller and more fuel-efficient models.”
  9. Why U.S. shale producers are the biggest winner from OPEC’s oil deal - MarketWatch (2017). Retrieved on 30 March 2017. “Major oil producers from around the globe managed to strike a deal to help the market find a balance between demand and a glut of supplies that has weighed on prices for more than two years. So far, the oil market has cheered the agreement, but the true winner may be the U.S. shale-oil industry.”
  10. Rising U.S. shale-oil output threatens OPEC’s production pact - MarketWatch (2017). Retrieved on 30 March 2017. “The oil market got a stark reminder Tuesday that rising oil production in the U.S. could upend efforts by major producers to bring global supply and demand for crude back in to balance. Just ahead of the settlement for oil futures prices US:CLG7 on the New York Mercantile Exchange on Tuesday, the Energy Information Administration released a report on drilling productivity—forecasting a monthly rise of 41,000 barrels a day in February oil production to 4.748 million barrels a day.”
  11. https://en.wikipedia.org/wiki/Spiro_Agnew
  12. George Gilder - Wikipedia, 2014 [last update]
  13. Geneshaft - Wikipedia, 2014 [last update]
  14. 14.0 14.1 14.2 14.3 14.4 1973 Births - Wikipedia.
  15. Monica Lewinsky - Wikipedia.
  16. 16.0 16.1 16.2 16.3 1973 in film - Wikipedia (1973). Retrieved on 27 January 2017.
  17. 17.0 17.1 17.2 1973 in television - Wikipedia (2017).
  18. 18.0 18.1 18.2 18.3 1973 in music - Wikipedia (2017). Retrieved on 30 January 2017.
  19. 1973 in music - Wikipedia (1973).
  20. FedEx Express - Wikipedia, 2014 [last update]
  21. Laporte, Leo. (interviewer) Triangulation 143: Marty Cooper. YouTube.com. 2014-Mar-17. Time mark: 7 minutes 30 seconds into the interview. (VIDEO)
  22. Martin Cooper (inventor) - Wikipedia, 2014 [last update]
  23. Joel S. Engel - Wikipedia, 2014 [last update]
  24. Roe v. Wade - Wikipedia, 2014 [last update]

[edit] External Links

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