Events
1975: February 7, the federal government reports January unemployment at 8.2 percent, the highest level since 1941.
1976: September 15, America Bank and Trust Company fails, the fourth largest banking default in history.
1978: due to inflation, goods costing $100.00 in 1976 now cost $200.09.
1979: silver prices were record high.
1979: May 9, California begins gas rationing due to continued scarce supply.
1979: July 31, the Chrysler corporation , the third largest automaker in the United States, requests a $1- billion federal loan to prevent bankruptcy.
1979: November 1, the federal government guarantees a $1.5- billion loan to Chrysler.
1976: September 15, America Bank and Trust Company fails, the fourth largest banking default in history.
1978: due to inflation, goods costing $100.00 in 1976 now cost $200.09.
1979: silver prices were record high.
1979: May 9, California begins gas rationing due to continued scarce supply.
1979: July 31, the Chrysler corporation , the third largest automaker in the United States, requests a $1- billion federal loan to prevent bankruptcy.
1979: November 1, the federal government guarantees a $1.5- billion loan to Chrysler.