July 2, 1951
The federal minimum wage stood at $0.75/hr that summer of 1951, and the Dow Jones sat at 269 — the Korean War ceasefire negotiations were underway, with the U.S. and Soviet-backed North Korea working through the United Nations toward a military truce that held the attention of the country all season long. At the movies, Mario Lanza was packing theaters in "The Great Caruso," while on the radio Nat "King" Cole's "Too Young" sat at the top of the charts for weeks. On June 14, the U.S. Census Bureau formally dedicated UNIVAC I, the first commercially produced electronic computer in the United States, marking a concrete turning point in how large-scale data processing would work going forward.
On the cover
Magazine Covers — July 2, 1951
NY Times Headlines — Week of July 2, 1951
Patrols In Action On Korea Fronts; U.N. Troops Maintain Contact With Communist Forces As Warships Pound Coast
Drive To Bolster Controls Measure In House Planned; Holiday To Aid Administration Forces--President Spurns Bill Passed In Senate O.P.S. Clarifies Ruling Explains Ceiling, Not Market, Prices Were Frozen--C.I.O. Assails 'Dixiegop Crime'
Plea To Congress To Tighten Curbs Urged On Truman; Advisers Back A Talk To Stress Dissatisfaction With Senate Defense Production Bill Seek To Arouse Public Wilson Report Due Thursday Expected To Buttress Drive For Stronger Controls
Mass Output Near On Heavy Weapons, Wilson Declares; Truman, Transmitting Report, Sees Consumers Plundered If Control Law Is Weak Inflation Peril Stressed Military Orders And Deliveries Are Running Under Goals, Defense Mobilizer Says Truman Asks Strong Law Inflation Warning Is Given By Wilson A Must For Everyone" Labor Supply Reduced Consumer Supplies Still High
San Francisco Set For Signing Treaty With The Japanese; Meeting Of Belligerents Early In September Expected To Accept Present Draft Truman Due To Attend Soviet And Its Satellites May Be Absent--Pact Provides 'Peace Of Reconciliation' Soviet Bloc May Be Absent San Francisco Set For Signing Treaty San Francisco Makes Plans Soviet Views Of Treaty Given
Retail Groups Ask Federal Sales Tax To Balance Budget; Price Rises Caused By Deficit Financing Would Cost Public 'Far More,' Spokesmen Say But Senators Disagree While Committee Is Hostile To Consumer Levy, Backing For It Grows In Congress Conditional Support Given Retailer Groups Urge Sales Tax, But Senate Committee Is Hostile
World Events — July 1951
Time Person of the Year — 1951
On the radio
Billboard Charts — July 2, 1951
On the bookshelf
On the television
Nielsen Top 10 — 1950–51 Season
At the movies
Box Office & Oscar Winners — July 2, 1951
On the field
Sports Champions — July 2, 1951
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