Bar codes are introduced for retail and industrial use in England.
Gold payments ended in 1971 in an attempt to end the increasing inflation America was undergoing.
Thus beginning the gas crisis of the 70s, it was only the first step in rising prices. Oil went from $1.50 a barrel to $11.56 a barrel over the course of a few months. This was revenge for the support of Israel instead of Palestine. Most of the shortages in the US however were caused by the gas companies who used this as an excuse to raise prices.
