5. The Big Screen Takes Over
What a time it was for Hollywood in the 1970s! The Exorcist shocked and terrified audiences all around the country in 1973 en route to becoming the first horror film to be nominated for a Best Picture Academy Award. In the summer of 1975, Steven Spielberg’s Jawschanged movies forever, establishing summer as the prime time for studios to release their blockbusters (a trend that still remains). Last but definitely not least, Star Wars premiered on May 25th, 1977, quickly becoming a worldwide pop culture phenomenon and inspiring fanfare the likes of which had never been seen before.
6. A Shortage Of Gas
In October of 1973, the members of OPEC imposed an oil embargo, causing a world-wide shortage of fuel. As a result, prices skyrocketed and gas-rationing methods had to be implemented. According to CBS, the price of oil rose from $3 a barrel to $12 by the time the embargo ended.
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