In New York City in 1964, the rent for a two-bedroom apartment in a downtown neighborhood would have run about $250 per month, a two-way subway ticket was 15-cents and a gallon of milk was 93-cents. In contrast, those same items would cost approximately $4,500 per month, $2.50 for a one-way ride and $3.90 per gallon in 2014.Know More
The minimum wage in 1964 was $1.15 per hour and the average annual income about $6,000. A gallon of gas was 25-cents. The basic cost of living increased roughly 18 times in the 50 year period between 1964 and 2014. The price of other common items reflects the standard of living of the times.
Larger purchases are also good indicators of the overall standard of living. The average house cost $13,050 and the average rent was $115 per month. The yearly inflation rate was 1.28 percent in the U.S., contrasted by the U.K. at 3.5 percent. The Dow Jones Industrial Average closed that year at 874.Learn More
The cost of jeans was approximately $2.49 in 1950, which is considerably less then what people spend today. Jeans were originally designed for miners and farmers, but by the 1950s, they were becoming increasingly popular among teenagers.Full Answer >
The first capitals of the United States were Philadelphia, where the Declaration of Independence was signed in the State House, and New York City. Several other cities were used to convene the new government, including Annapolis, Baltimore and Trenton, N.J.Full Answer >
The RMS Titanic's intended destination on its maiden voyage in 1912 was New York City, according to the Encyclopaedia Britannica. The ship embarked on its voyage in Southhampton, England on April 10 of that year.Full Answer >
The twin towers, as the north and south towers of World Trade Center in New York City were known, were destroyed in coordinated terrorist attacks on Sept. 11, 2001. Islamic extremists hijacked four commercial airliners that day, two of which were flown into the towers.Full Answer >