My roomie’s father (who passed a few years ago @ age 92) had a dividing line in his life. It was 1967.
Whenever encountering a current high price (relative to the old days), that was his measuring stick.
“Look at these gasoline prices! I remember back in 1967…!” he would exclaim.
New Jovian Thunderbolt recently posted regarding old-time ammunition prices, from GUNS Magazine (September 1964)
50 years ago.
Check out page 53. The Ad in Guns Magazine that says “PREPAID AMMUNITION”
4 cents a round for .45 and 5 cents a round for non corrosive .30-06. 75 cents for an M1 Carbine magazine.
Phew. Even WITH inflation in the intervening years…
This got me to thinking (Always a dangerous concept!).
Between the rise in the cost of sugar (used in the manufacture of moonshine – rising cost decreasing production), and the addition of more restrictive gun control legislation (following the political assassinations of the 60’s), the Tax Division of the Treasury Department said it needed to expand.
The A.T.F. (now B.A.T.F.E) was formed July 1, 1972. Prior to this (and the NFA of 1934), gun control was left up largely to the States. The federal government has taken over what the Constitution intended to be a State and local purvue – quelle surprise!
Sugar – 5 pound retail cost – Source: U.S. Bureau of the Census, Historical Statistics of the United States, Colonial Times to 1970, Bicentennial Edition, Part 2., Bureau of Labor Statistics, 2011
1960 58.2 cents
1965 59 cents
1970 64.8 cents (moonshine production starts to drop off, due to cost)
It was (and IS) all about the Benjamins, baby!