On this day in 1973 Opec more than doubled the price of oil overnight from $5.12 a barrel – around $60 in today's money (the price of oil is currently around $50) – to $11.65 (around $145 now). The initial price was in fact as a result of being raised a few months earlier from $3. The price increase caused the legendary 1973 oil crisis, and was a major shock for the Western world economy.
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Carers retire with an average pension of just £6,750A growing pensions gap shows carers retire with significantly less private pension income than the national average
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8 of the best properties for sale with award-winning gardensThe best properties for sale with award-winning gardens – from a Victorian Gothic rectory in Hampshire, to a Georgian house in Kent with gardens designed by multiple Royal Chelsea Flower Show gold medallist Roger Platts
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31 August 1957: the Federation of Malaya declares independence from the UKFeatures On this day in 1957, after ten years of preparation, the Federation of Malaya became an independent nation.
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13 April 1960: the first satellite navigation system is launchedFeatures On this day in 1960, Nasa sent the Transit 1B satellite into orbit to provide positioning for the US Navy’s fleet of Polaris ballistic missile submarines.
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9 April 1838: National Gallery opens in Trafalgar SquareFeatures On this day in 1838, William Wilkins’ new National Gallery building in Trafalgar Square opened to the public.
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3 March 1962: British Antarctic Territory is createdFeatures On this day in 1962, Britain formed the British Antarctic Territory administered from the Falkland Islands.
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10 March 2000: the dotcom bubble peaks
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9 March 1776: Adam Smith publishes 'The Wealth of Nations'
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8 March 1817: the New York Stock Exchange is formedFeatures On this day in 1817, a group of brokers moved out of a New York coffee house to form what would become the biggest stock exchange in the world.
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7 March 1969: Queen Elizabeth II officially opens the Victoria Line
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