E
C
O
N
O
M
Y
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- Average US yearly income was $3,210
- Gas cost $.18.
- Average US house was $8,450.
- Average UK house was £1,940.
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N
E
W
S
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- 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.
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T
R
I
V
I
A
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- 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.
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F
I
L
M
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- 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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