August 28, 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 28, 1950
NY Times Headlines — Week of August 28, 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
Fleet To Quit Formosa At End Of Korea War, Says Truman; President Also Voices Hope "That China'S Red Regime Will Not Intrude In Effort Of United Nations To Establish Peace
Conferees Decree Full Truman Sway On Prices And Pay; President Is Expected To Get 'Stand-By' And Discretionary Power For All Controls Final Vote Set For Today Measure Is Likely To Reach The White House Before 'Fireside Chat' At 10 P.M.
Power To Control Defense Economy Given To President; Congress Speeds Output Bill To White House After Voice Votes, Minimum Debate Truman Requested More But New Set-Up Also Accords Authority He Did Not Ask-- Curbs' Expirations Vary
Manpower Goal Up; Truman Says U.S. Will Mobilize 3 Millions, Not 2,300,000 Gives 8 Points For Peace He Warns That We Will Use All Our Power To Uphold Rule Of Law In World
World Events — August 1950
Time Person of the Year — 1950
On the radio
Billboard Charts — August 28, 1950
On the bookshelf
On the television
At the movies
Box Office & Oscar Winners — August 28, 1950
On the field
Sports Champions — August 28, 1950
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