June 7, 1955
The federal minimum wage stood at $0.75/hr that summer of 1955, and the Dow Jones sat at 488 — the United States was in the middle of a stable postwar economic expansion, with full employment and consumer spending both running high. On screen and over the airwaves, audiences were watching the quiz sensation "The $64,000 Question" dominate television ratings, while Bill Haley & His Comets held the top spot on the charts with "Rock Around the Clock," a song that was beginning to signal a genuine shift in popular music taste. On August 27, the first edition of the "Guinness Book of Records" was published in London, creating what would become one of the bestselling reference books in history and giving the world a single authoritative place to measure human and natural achievement.
On the cover
Magazine Covers — June 7, 1955
NY Times Headlines — Week of June 7, 1955
President Maps Peace Job;; Eisenhower Warns West Point Class That Accord Might Take Generation
Eisenhower Urges Senate To Salvage Reserves Plan; President Pleads For Reserve Bill Declares Bill To Build Force Of 2,900,000 By 1960 Is Vital To U. S. Security-- Measure Pigeonholed By House
U. S. May Suggest Soviet Army Quit Rumania, Hungary; Dulles Informs Senate Group Of Study After Prodding By Knowland On Issue Arms For Austria Seen Secretary Says Supplies Will Be Sent If Sought -- Asks Quick Treaty Approval U.S. May Suggest Soviet Army Exit
Adenauer Avows Loyalty To West As He Flies To U. S.; Says His Reaction To Soviet Bid Means No Change In Bonn'S Nato Stand Will See The President Moscow Invitation For West German Ties On Agenda Along With Big 4 Talks Adenauer Avows Loyalty To West
World Events — June 1955
Time Person of the Year — 1955
On the radio
Billboard Charts — June 7, 1955
On the bookshelf
On the television
Nielsen Top 10 — 1954–55 Season
Emmy Winners — 1955
At the movies
Box Office & Oscar Winners — June 7, 1955
On the field
Sports Champions — June 7, 1955
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