When This Dropped

January 2, 1950

President
Truman
Dow (EOY)
235
Gas/gal
$0.27
Min Wage
$0.75

By the winter of 1950, Truman was in the White House and the federal minimum wage stood at $0.75/hr — and American troops were committed to the Korean Peninsula as the United States entered the conflict that would define the early Cold War era. On the entertainment front, the musical film "On the Town" was the top draw at the box office, while Milton Berle's "Texaco Star Theatre" remained the dominant force in American living rooms. On the gridiron, the Cleveland Browns claimed the NFL championship, and in a landmark moment for international law enforcement cooperation, the International Police Association was founded on January 1, 1950, becoming the largest police organization in the world.

On the cover

Magazine Covers — January 2, 1950

New York Times
Time
Nat. Geographic

NY Times Headlines — Week of January 2, 1950

Green Delays Taft Act Fight Until After Elections In Fall; A.F.L. Chief Concedes Labor Curb Cannot Be Repealed At The New Session, Asks Congress Speed Broader Security

Congress Opens; Ready To Plunge Into Bitter Fights; Battle Lines Will Be Drawn Today When Truman Delivers State Of Union Message President Meets Chiefs Rayburn Hails Prosperity, Sees 'Another Good Year' In 1950 --Senate Turns To Oleo Bill Preview Of Message Given Republicans Indicate Course Congress Meets; Turns To Battles Hope For Some Bills Seems Dim

Democrats Move To Speed Session, Merge Fund Bills; 47 Senators Meet And Agree Not To Provoke Filibuster By Civil Rights Riders Hope To Quit By July 31 House Timetable Is Proposed For Appropriations Action To Prevent Log-Jams Filibuster Threat Seen Dairy States Oppose It Democrats Move To Speed Session Last Minute Rush Feared

World Events — January 1950

Time Person of the Year — 1950

Winston Churchill
Person of the Year
Winston Churchill

On the bookshelf

The Cardinal
NYT Fiction #1
"The Cardinal"
Betty Crocker's Picture Cook Book
NYT Non-Fiction #1
"Betty Crocker's Picture Cook Book"
The Way West
A.B. Guthrie Jr.
Pulitzer Prize Fiction
"The Way West"
A.B. Guthrie Jr.
The Man with the Golden Arm
Nelson Algren
National Book Award Fiction
"The Man with the Golden Arm"
Nelson Algren
Ralph Waldo Emerson
Ralph L. Rusk
National Book Award Nonfiction
"Ralph Waldo Emerson"
Ralph L. Rusk

On the television

At the movies

Box Office & Oscar Winners — January 2, 1950

All About Eve
Oscar Best Picture
All About Eve
Joseph L. Mankiewicz
All About Eve
Oscar Best Director
Joseph L. Mankiewicz
All About Eve
José Ferrer
Cyrano de Bergerac
Oscar Best Actor
José Ferrer
Cyrano de Bergerac
Judy Holliday
Born Yesterday
Oscar Best Actress
Judy Holliday
Born Yesterday

On the field

Sports Champions — January 2, 1950

NFL Champion
Cleveland Browns
World Series
New York Yankees
def. Philadelphia Phillies
NBA Champion
Minneapolis Lakers
def. Syracuse Nationals
Stanley Cup
Detroit Red Wings
def. New York Rangers

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