3.3% National Unemployment Rate

December 11, 1968 the unemployment rate, at 3.3 percent, is the lowest it has been in fifteen years.  The Cost of Living and the Prices in 1968 inlcude;

  • Yearly Inflation Rate USA 4.27%
  • Yearly Inflation Rate UK 4.7%
  • Year-End Dow Jones Industrial Average 943
  • Average Cost of new house $14,950.00    
  • Average Income per year $7,850.00
  • Average Monthly Rent $130.00  
  • Gas per Gallon 34 cents  
  • Average Cost of a new car $2,822.00
  • The Federal Hourly Minimum Wage is $1.60 an hour   
  • Movie Ticket $1.50         
  • POTUS: Lyndon B. Johnson
  • VEEP: Hubert H. Humphrey
  • US Population: 200,706,052 
  • US Citizen Life Expectancy: 70.2 years  
  • Dow-Jones High: 985 Low: 825  
  • Federal spending: $178.13 billion  
  • Federal debt: $368.7 billion
  • Inflation: 4.2%
  • Consumer Price Index: 34.8
  • Unemployment: 3.8%
  • Cost of a new home: $26,600.00
  • Cost of a new car:
  • Median Household Income: $7,743.00
  • Cost of a first-class stamp: $0.05 ($0.06 as of 1/7/68)
  • Cost of a gallon of regular gas: $0.34
  • Cost of a dozen eggs: $0.53 (less than 5¢ per egg)
  • Cost of a gallon of Milk: 1.07   http://www.thepeoplehistory.com/1968.html                         http://www.1960sflashback.com/1968/Economy.asp 

        http://www.thepeoplehistory.com/1968.html              Median Household Income: $7,743.00 Cost of a first-class stamp: $0.05 ($0.06 as of 1/7/68) Cost of a gallon of regular gas: $0.34 Cost of a dozen eggs: $0.53 Cost of a gallon of Milk: 1.07 http://www.1960sflashback.com/1968/Economy.asp

ASSASINATIONS COMMERCE/ECONOMY

Assassination of Robert F. Kennedy

On June 5, 1968, 42-year-old presidential candidate Robert F. Kennedy was mortally wounded shortly after midnight PDT at the Ambassador Hotel in Los Angeles. He had just won the California presidential primaries in the 1968 election. After winning the California and South Dakota primary elections for the Democratic nomination for President of the United States, […]

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COMMERCE/ECONOMY SPORTS

1968 Olympics Human Rights Salute

The 1968 Olympics Human Rights Salute was a political demonstration conducted by African-American athletes Tommie Smith and John Carlos during their medal ceremony on October 16, 1968, at the 1968 Summer Olympics in the Olympic Stadium in Mexico City. After Smith and Carlos won gold and bronze medals, respectively, in the 200-meter running event, they […]

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COMMERCE/ECONOMY INTERNATIONAL PROTESTS

The Prague Spring of 1968

The Prague Spring of 1968 is the term used for the brief period of time when the government of Czechoslovakia led by Alexander Dubček seemingly wanted to democratise the nation and lessen the stranglehold Moscow had on the nation’s affairs. The Prague Spring ended with a Soviet invasion, the removal of Alexander Dubček as party […]

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