E
C
O
N
O
M
Y
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- Average US yearly income was $2,950
- Gas cost $.17.
- Average US house was $7,450
- Average UK house was £1,911.
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N
E
W
S
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- Soviet Union tests its first nuclear bomb.
- Federal Republic of Germany founded
- China sees the establishment of the People's Republic under Mao Tse Tung.
- Taiwan becomes the Republic of China under Chang Kai Shek
- Geneva Convention is formulated to lay out the proper treatment of prisoners of war.
- Newfoundland joins the Canadian Confederation.
- Independence: Indonesia from Holland.
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T
R
I
V
I
A
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- George Orwell's 1984 is published.
- First Polaroid camera sold.
- The Emmy Awards are handed out for the first time.
- Cable television is started to bring better reception to rural areas.
- 45 rpm records are first sold.
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F
I
L
M
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- We find out what a zither is from The Third Man.
- The Duke watched as She Wore a Yellow Ribbon.
- He also fought on the Sands of Iwo Jima.
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