I updated to 1.7.5 and lost everything in my inventory and chests. I had backup save files and i tried to use them in both 1.7.5 and the previous versions, i.e., 1.7.4, 1.7.3, and 1.7.2. I'm not too sure on how to go about fixing this.
Environment
OS is Windows 8
Going from a 1.8 snapshot to 1.7.5 is a downgrade, not an upgrade.
Duplicate of MC-45009