MAY 31, 1978

WEDNESDAY
$1,000 INVESTED IN COKE STOCK (KO) IN 1978
WOULD HAVE MADE YOU $235,665 IN THE 2025 DATASET
Min_Wage_Hourly: $2.80
Median_Home_Price: $42,480.00
Gas_Price_Avg: $1.05
Bread_Price_Avg: $0.45
Movie_Ticket_Avg: $2.53
First_Class_Stamp: $0.13
Milk_Price_Avg: $1.97
Top Movies From 1978
1 Grease
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Grease
2 Superman
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Superman
3 National Lampoon's Animal House
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National Lampoon's Animal House
4 Every Which Way But Loose
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Every Which Way But Loose
5 Heaven Can Wait
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Heaven Can Wait
6 Hooper
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Hooper
7 Jaws 2
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Jaws 2
8 Revenge of the Pink Panther
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Revenge of the Pink Panther
9 The Deer Hunter
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The Deer Hunter
10 Halloween
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Halloween
Coming Home
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Coming Home
Blue Collar
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Blue Collar
Coach
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Coach
Record City
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Record City
Special Olympics
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Special Olympics
Pretty Baby
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Pretty Baby
Forbidden Erotica
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Forbidden Erotica
Space Force
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Space Force
Straight Time
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Straight Time
The Bastard
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The Bastard
House Calls
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House Calls
Rabbit Test
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Rabbit Test
The Betsy
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The Betsy
Coma
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Coma
The Foreigner
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The Foreigner
The Fury
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The Fury
Mirrors
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Mirrors
Getting Married
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Getting Married
Dr. Scorpion
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Dr. Scorpion
Almost Summer
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Almost Summer
Escapade
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Escapade
The Evil
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The Evil
Malibu Beach
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Malibu Beach
Deathsport
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Deathsport
Jennifer
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Jennifer
High-Ballin'
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High-Ballin'
The Manitou
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The Manitou
Carroña
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Carroña
Superdome
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Superdome
Deathmoon
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Deathmoon
A Night Full of Rain
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A Night Full of Rain
Laserblast
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Laserblast
High Anxiety
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High Anxiety
The Gauntlet
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The Gauntlet
Close Encounters of the Third Kind
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Close Encounters of the Third Kind
Saturday Night Fever
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Saturday Night Fever
Killer of Sheep
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Killer of Sheep
May 31, 1978 Trivia
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Television On May 31, 1978
Columbo poster
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Columbo
Sesame Street poster
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Sesame Street
Saturday Night Live poster
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Saturday Night Live
Dallas poster
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Dallas
M*A*S*H poster
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M*A*S*H
The Love Boat poster
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The Love Boat
Barnaby Jones poster
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Barnaby Jones
Charlie's Angels poster
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Charlie's Angels
The Story of May 31, 1978

On May 31, 1978, the arts community celebrated as Margaret Hilton and Morgan Freeman were awarded Derwents, a prestigious recognition highlighting their outstanding contributions to theater and film.

Inventions & Breakthroughs of May 1978

Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.

1 Global Positioning System Satellites
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Global Positioning System Satellites
2 Word Processing Software (WordStar)
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Word Processing Software (WordStar)
3 Digital Telephone Answering Machine
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Digital Telephone Answering Machine
4 Medical Imaging PACS Concept
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Medical Imaging PACS Concept
5 Electronic Spreadsheet (VisiCalc)
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Electronic Spreadsheet (VisiCalc)
6 Computer Animation Software
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Computer Animation Software
7 Automated Warehouse Robotics
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Automated Warehouse Robotics
8 Digital Signal Processor Chip
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Digital Signal Processor Chip
9 Video Game Console (Atari 2600)
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Video Game Console (Atari 2600)
10 Space Probe Voyager Instruments
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Space Probe Voyager Instruments

The Sounds of

Popular recordings and roots/country selections associated with the year

HEADLINES ON May 31, 1978

Full News Archive

  • Headline: Margaret Hilton and Morgan Freeman Honored. Impact: If Margaret Hilton hadn't won that award, Morgan Freeman might have never been inspired to narrate every documentary ever made, leading to a world devoid of soothing voices guiding us through nature's wonders. Chaos would reign.. Fact: Fun fact: Morgan Freeman's voice is so calming, it's been scientifically proven to lower blood pressure—at least for those not listening to his cooking tips..
  • Headline: Food Cost Surge Predicted for 1978. Impact: The rise in food costs in '78 prompted people to hoard cans of beans, leading to the first-ever 'Bean Festival' that turned into a national tradition. Thank you inflation!. Fact: Did you know that in '78, a loaf of bread was about 30 cents? At this rate, if you’re reading this in the future, you might need a mortgage for a sandwich!.
  • Headline: Gigi Gaston Triumphs in Jumper Event. Impact: Gigi Gaston's win in amateur-owner jumpers sparked a nationwide interest in horse-jumping, which eventually led to horses being seen as legitimate therapy for stressed-out millennials. Who knew equine therapy would be a thing?. Fact: Horseback riding burns more calories than you might think—so while you’re sitting there, your horse is basically doing CrossFit..
  • Headline: Labor Talks Resuming Amid Doubt Over Deadline. Impact: The uncertainty in labor talks led to the rise of budgetary yoga—where politicians learned to stretch deadlines and bend rules like never before. Namaste, politics!. Fact: Labor talks are like family dinners: everyone is tense, there are unspoken issues, and someone inevitably brings up a topic that ends in shouting..
  • Headline: North Carolina Populist Wins Upset in Democratic Runoff for Senate Nomination. Impact: Ingram's upset victory sparked a grassroots movement that inspired future political candidates to run on platforms based solely on cat memes. The start of a new era!. Fact: Populism has often been equated with unexpected victories, much like the surprise of finding the last slice of pizza at a party—everyone wants it, but not everyone is ready to fight for it..
  • Headline: Museum Tower Delayed by Rift. Impact: The rift over Museum Tower delayed art exhibits, which inadvertently led to several art heists as bored thieves decided to create their own galleries. Modern art, indeed!. Fact: Did you know that art thefts are often inspired by boredom? Some thieves just want to spice up their lives—who says crime can't be creative?.
  • Headline: C.A.B. Bids Airlines Pick Own Routes. Impact: CAB's proposal to let airlines pick their own routes led to a chaotic airspace where flights to random places like 'Anywhere But Here' became a popular choice. The sky became the limit—literally!. Fact: Airlines picking their own routes sounds great until you realize that some flights might land you in the Bermuda Triangle if they decide to get too creative..
  • Headline: PRAVDA DENOUNCES BRZEZINSKI ON ZAIRE. Impact: Pravda's denunciation of Brzezinski created a ripple effect that led to a new genre of political commentary: passive-aggressive letters to the editor. The art of shade was born!. Fact: The irony of a newspaper named 'Truth' spouting such drama is not lost—because who needs honest journalism when you can have gossip?.
  • Headline: Pop: Aretha Franklin. Impact: Aretha Franklin’s performance at Carnegie Hall revived the spirit of soul music, leading to a new generation of singers who thought they could hit those high notes—spoiler alert: they couldn’t.. Fact: Aretha Franklin is often referred to as the 'Queen of Soul'—which is a title that she earned, unlike most royalty who just inherit crowns..

Wall Street Time Machine

The Right Call: If you'd invested $1,000 in any one of these companies in 1978, here's what the stored 2025 dataset estimates.
Rank #1
WMT
Walmart
Price in 1978
$0.01
2025 dataset value
$7,945,492

Walmart - If you invested $1,000 in 1978, it would be worth $7,945,492 today (7945.5x return)

Rank #2
INTC
Intel
Price in 1978
$0.18
2025 dataset value
$199,890

Intel - If you invested $1,000 in 1978, it would be worth $199,890 today (199.9x return)

Rank #3
JNJ
Johnson & Johnson
Price in 1978
$0.49
2025 dataset value
$423,037

Johnson & Johnson - If you invested $1,000 in 1978, it would be worth $423,037 today (423.0x return)

🦸 Top 5 Comics
X-Men #111
X-Men #111
$75
Action Comics #484
Action Comics #484
$15
Daredevil #158
Daredevil #158
$75
Superman #233
Superman #233
$250
Peter Parker, The Spectacular Spider-Man #27
Peter Parker, The Spectacular Spider-Man #27
$30
🧸 Top 5 Toys
Star Wars Action Figures
Star Wars Action Figures
$300.00
Simon
Simon
$500.00
Lego Space Sets
Lego Space Sets
$350.00
Speak & Spell
Speak & Spell
$150.00
Hot Wheels
Hot Wheels
$30.00
🎮 Top 5 Video Games
Space Invaders
Space Invaders
$13,800
Adventureland
Adventureland
Unknown
Avalanche
Avalanche
$60.00
Astro Battle
Astro Battle
$200.00
Sky Diver
Sky Diver
$12.34
⚾ Top 5 Trading Cards
Wayne Gretzky Rookie Card
Wayne Gretzky Rookie Card
$4,000,000
Kenner Star Wars Series 1
Kenner Star Wars Series 1
$70.00
Topps Baseball 1978 Eddie Murray Rookie Card
Topps Baseball 1978 Eddie Murray Rookie Card
$3,000
Futera Muhammad Ali 1978
Futera Muhammad Ali 1978
$1,500
Topps Football 1978 Tony Dorsett Rookie Card
Topps Football 1978 Tony Dorsett Rookie Card
$20,000