August 24, 1952
The federal minimum wage stood at $0.75/hr that summer of 1952, and the Dow Jones sat at 292 — as West Germany moved toward restored sovereignty after Truman signed the Bonn Peace Pact, formally bringing the Federal Republic into the community of Western nations. On television, "I Love Lucy" had cemented itself as the country's dominant comedy, winning the Emmy for the category, while Vera Lynn's "Auf Wiederseh'n, Sweetheart" was the song Americans were hearing on the radio that summer. The 1952 Summer Olympics in Helsinki, Finland drew a strong American performance, with US athletes bringing home 40 gold, 19 silver, and 17 bronze medals for a total of 76, placing the country among the top finishers in the Games.
On the cover
Magazine Covers — August 24, 1952
NY Times Headlines — Week of August 24, 1952
Africa Air Base 'Fiasco' Cost Put At 120 Million By Inquiry; Senate Subcommittee Assails 'Confusion, Squandering, Loafing And Drunkenness' -- Pick Blamed -- Pace Urged To Act Senators Assail Air Base 'Fiasco'
Eisenhower Urges Helping Nations Escape Red Yoke; Sees U. S. In Greatest Peril; No Time For Fear General Tells The Legion We Can'T Know Peace While Tyranny Lasts Finds War Not Imminent Says Soviet Won'T Risk Battle It Can'T Sustain, Giving Us Time For Orderly Defenses Eisenhower Urges Aid To 'Red Slaves'
World Events — August 1952
Time Person of the Year — 1952
On the radio
Billboard Charts — August 24, 1952
On the bookshelf
On the television
Nielsen Top 10 — 1951–52 Season
Emmy Winners — 1952
At the movies
Box Office & Oscar Winners — August 24, 1952
On the field
Sports Champions — August 24, 1952
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