When This Dropped

June 16, 1950

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

The federal minimum wage stood at $0.75/hr that summer of 1950, and the Dow Jones sat at 235 — the Korean War had begun just weeks earlier, with North Korean forces pushing south and U.S. troops rushing to hold the line around Pusan. At the movies, audiences were turning out for "Father of the Bride" with Spencer Tracy, while on the radio Nat "King" Cole's "Mona Lisa" sat at the top of the charts. That June, French mountaineers Maurice Herzog and Louis Lachenal made history by reaching the summit of Annapurna, becoming the first climbers ever to stand atop a peak higher than 8,000 metres.

On the cover

Magazine Covers — June 16, 1950

New York Times
Time
Nat. Geographic

NY Times Headlines — Week of June 16, 1950

Senate Units Vote Arms Aid Program For A Second Year; President Keeps Power To Use 10% Of $1,222,500,000 Fund For A Crisis Spot In Europe But Must Consult Allies China Area Gets $75,000,000 In Bill--Lodge Plan To Draw On E.C.A. Money Rejected Is Expected To Meet Objection Senate Units Vote Arms Aid Program

World Events — June 1950

Time Person of the Year — 1950

Winston Churchill
Person of the Year
Winston Churchill

On the radio

Billboard Charts — June 16, 1950

Sentimental Me
Ames Brothers with Orchestra directed by Roy Ross
Best Sellers #1
"Sentimental Me"
Ames Brothers with Orchestra directed by Roy Ross

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 — June 16, 1950

Annie Get Your Gun
Box Office #1
Annie Get Your Gun
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 — June 16, 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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