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Korean War begins its 3 year Conflict
This caused a rise in taxes to pay for the war costs. -
Gambling intakes excess $20 billion
This caused a big shift in the economy with how much excess they intaked (20 Billion) -
President Truman authorizes the seizure of United States steel mills
This caused steel to go up in prices. -
The first color televisions go on sale
This was a big uprising in technology causing the economy to rise because of the production and demand for TVs -
Brown v. Board of Education eliminates segregation in public schools
This caused a lot of suing of the school board, but also the cost of keeping different schools maintained saving money. -
Rock and Roll music enters mainstream
The economy jumped up here because of sells in music. This event caused music to rise, which caused the economy too. -
The first transatlantic telephone cable begins operation
This caused money to pour in because of people wanting to make long distance calls. This caused the economy to rise. -
The first attempt by the United States to launch a satellite into space fails
This was a big project that costed a lot to just go up in flames. Which caused a big loss in money. Economy went down here. -
NASA became operational as the U.S. began to ramp up efforts to explore space
This cause a rise in needs of jobs and spending of money went up for resources. This caused the economy to rise. -
Alaska is admitted to the United States as the 49th state to be followed on August 21 by Hawaii.
This caused the economy to rise because more land for businesses homes, and many more. Also increase in Taxes.
