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What Was Happening

E
C
O
N
O
M
Y
  • Average US yearly income was $3,210
  • Gas cost $.18.
  • Average US house was $8,450.
  • Average UK house was £1,940.
N
E
W
S
  • North Korea invades South Korea and takes control of Seoul
  • Senator McCarthy starts his hunt for Communists.
  • China invades Tibet.
  • South Africa enacts the Group Areas Act, formally launching apartheid.
  • Truman sends US forces to Vietnam to assist the French.
T
R
I
V
I
A
  • Diners Club issues the first credit card.
  • Charles Schulz introduces us to the Peanuts gang.
  • The first self-service elevator is made by Otis.
  • Xerox makes the first copier.
F
I
L
M
  • We learn All About Eve as Bette Davis and Anne Baxter go at it.
  • William Holden proves he wasn't Born Yesterday.
  • He was also seen walking the sidewalks of Sunset Boulevard.
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