Competition Accessories 50th Anniversary - Motorcycling in America – 1974

Life In America
1974 – While the median family income has risen, now $12,840, the 11.3% inflation rate has actually made this year’s income less than 1973’s. Nixon is forced to resign. OPEC embargoes oil for five months, creating the worst recession since the depression.

The national speed limit is reduced to 55 MPH to save fuel. On TV the new shows seem to be trying to cheer us with their titles; Happy Days, and Good Times among them. At the movies Mel Brooks is cranking out great comedies with Blazing Saddles and Young Frankenstein. Elton John’s Benny and the Jets, Clapton’s I Shot the Sheriff and Paul McCartney’s Band on the Run are big hits. A new car costs $3,750 and a gallon of gas has gone up dramatically to $.55. The new BMW R90S costs...Read More.