August 25, 1950
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 — August 25, 1950
NY Times Headlines — Week of August 25, 1950
President To Speak To Nation On Korea And War Economy; Address, Probably Friday, Is Expected To Say Arms Output Won'T Upset U.S. Industry Accord On Controls Near Congress Conferees Abandon Wherry Pay-Price Tie-Up, Adopt Selective Plan
World Events — August 1950
Time Person of the Year — 1950
On the radio
Billboard Charts — August 25, 1950
On the bookshelf
On the television
At the movies
Box Office & Oscar Winners — August 25, 1950
On the field
Sports Champions — August 25, 1950
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