August 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 — August 7, 1955
NY Times Headlines — Week of August 7, 1955
Nuclear History Due To Be Made In Geneva Parley; First International Congress On Peaceful Use Of Atom Will Open Tomorrow
Eisenhower Signs Bill On Reserves, But Asks Changes; He Complains Measure 'Falls Short' Of His Requests And Calls For Amendments Deficiencies Are Listed However, President Says Act 'Will Definitely Strengthen' The Military Structure President Signs Bill On Reserves
Diem Rejects Bid To Election Talk; Declines Red North'S Offer To Discuss Vietnam Unity -- Sees Bar To Free Vote Diem Rejects Bid To Election Talk
Soviet To Retain Force In Rumania; Bucharest Premier Sees Stay Till Nato Ends, U. S. Goes Soviet Troops To Stay In Rumania Till Nato Ends, U.S. Forces Go
World Events — August 1955
Time Person of the Year — 1955
On the radio
Billboard Charts — August 7, 1955
On the bookshelf
On the television
Nielsen Top 10 — 1954–55 Season
Emmy Winners — 1955
At the movies
Box Office & Oscar Winners — August 7, 1955
On the field
Sports Champions — August 7, 1955
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