When This Dropped

August 31, 1951

President
Truman
Dow (EOY)
269
Gas/gal
$0.27
Min Wage
$0.75

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 — August 31, 1951

New York Times
Time
Nat. Geographic

NY Times Headlines — Week of August 31, 1951

Acheson Is Hopeful On Japanese Pact; Americans Off For Peace Treaty Talks

Senators Ask War On Crime By Private National Council; Kefauver Committee, In Its Final Report, Proposes Group To Coordinate Work Of Local Citizens' Commissions Council Proposed For War On Crime 3 Reports Made Previously Grant Asked For Council Barbiturate Curb Asked

Foreign Aid Fund Of $7,286,250,000 Passed By Senate; Bill, Which Is $1,213,750,000 Under Total Truman Asked, Is Approved 61 To 5 Europe To Receive Less Economic Assistance Sum Is Cut $250,000,000 Near East Gets $37,500,000 More Truman Proposals Ignored Near East Fund Raised Foreign Aid Bill Passed By Senate

Conference Opens; President Says Meeting Will Show Who Wants Peace Or Warfare Asks No Malice In Talks Truman Notes Treaty Curbs On Tokyo'S Militarism-- Session Rules Discussed

World Events — August 1951

Time Person of the Year — 1951

The American Fighting-Man
Person of the Year
The American Fighting-Man

On the radio

Billboard Charts — August 31, 1951

Come On-A My House
Rosemary Clooney with Stan Freeman, Mundell Lowe, Jimmy Crawford, and Frank Caroll
Best Sellers #1
"Come On-A My House"
Rosemary Clooney with Stan Freeman, Mundell Lowe, Jimmy Crawford, and Frank Caroll

On the bookshelf

From Here to Eternity
NYT Fiction #1
"From Here to Eternity"
Look Younger, Live Longer
NYT Non-Fiction #1
"Look Younger, Live Longer"
The Town
Conrad Richter
Pulitzer Prize Fiction
"The Town"
Conrad Richter
The Collected Stories
William Faulkner
National Book Award Fiction
"The Collected Stories"
William Faulkner
Herman Melville
Newton Arvin
National Book Award Nonfiction
"Herman Melville"
Newton Arvin

On the television

Nielsen Top 10 — 1950–51 Season

Arthur Godfrey's Talent Scouts
Nielsen #1 TV Show
Arthur Godfrey's Talent Scouts
Nielsen
Top 10
TV Shows
Nielsen Ratings
Top 10 TV Shows
1950–51 Season

At the movies

Box Office & Oscar Winners — August 31, 1951

That's My Boy
Box Office #1
That's My Boy
An American in Paris
Oscar Best Picture
An American in Paris
George Stevens
A Place in the Sun
Oscar Best Director
George Stevens
A Place in the Sun
Humphrey Bogart
The African Queen
Oscar Best Actor
Humphrey Bogart
The African Queen
Vivien Leigh
A Streetcar Named Desire
Oscar Best Actress
Vivien Leigh
A Streetcar Named Desire

On the field

Sports Champions — August 31, 1951

NFL Champion
Los Angeles Rams
World Series
New York Yankees
def. New York Giants
NBA Champion
Rochester Royals
def. New York Knicks
Stanley Cup
Toronto Maple Leafs
def. Montreal Canadiens

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