where we have been part 2
# OPEC ends the oil embargo begun in 1973 during the Yom Kippur War (Mar. 18).

# Nixon and Brezhnev meet in Moscow to discuss arms limitation agreements. Background: nuclear disarmament

# Leftist revolution ends almost 50 years of dictatorial rule in Portugal (launched Apr. 25).

# India successfully tests an atomic device, becoming the world's sixth nuclear power (May 18).

# Emperor Haile Selassie of Ethiopia is deposed. A collective military dictatorship assumes power (Sept. 12).
# Patricia Hearst, 19-year-old daughter of publisher Randolph Hearst, kidnapped by Symbionese Liberation Army (Feb. 5).

# House Judiciary Committee adopts three articles of impeachment charging President Nixon with obstruction of justice, failure to uphold laws, and refusal to produce material subpoenaed by the committee (July 30).

# Richard M. Nixon announces he will resign the next day, the first President to do so (Aug. 8).

# Vice President Gerald R. Ford of Michigan is sworn in as 38th President of the US (Aug. 9).

# Ford grants "full, free, and absolute pardon" to ex-President Nixon (Sept. 8).

US GDP (1998 dollars): $1,496.90 billion
Federal spending: $269.36 billion
Federal debt: $483.9 billion
Median Household Income
(current dollars): $11,197
Consumer Price Index: 49.3
Unemployment: 5.6%
Cost of a first-class stamp: $0.08 ($0.10 as of 3/2/74)
* For safety reasons, the National Academy of Sciences calls for a temporary ban on some types of genetic engineering research.
* A new elementary particle psi (now called J) is discovered by Burton Richter of Stanford University.

Average Life expectancy 71 years