June 1, 1956
The federal minimum wage stood at $1.00/hr that summer of 1956, and the Dow Jones sat at 499 — while the Suez Canal crisis was building overseas, with Britain, France, and Egypt locked in a standoff over control of the waterway that carried a third of the world's oil. On American screens and radio dials, "I Love Lucy" was finishing its run as the country's top-rated television show, while Gogi Grant's "Wayward Wind" held the number one spot on the pop charts for weeks that season. On July 8th, an Austrian mountaineering team made the first successful ascent of Gasherbrum II in the Karakoram range on the Pakistan-China border, one of the world's fourteen peaks above 8,000 meters, adding another entry to the short list of summits that had ever been reached by human climbers.
On the cover
Magazine Covers — June 1, 1956
NY Times Headlines — Week of June 1, 1956
Gruenther Says Soviet 'Smiles' Mask True Aims; Opposing Foreign Aid Cut, General Sees A 'Tougher' Future For Nato Gruenther Sees Nato Near Crisis
Eisenhower Finds Nation'S Prestige At Postwar Peak; Says Policies Have Blunted Soviet Reliance On Force And Improved Outlook Upholds Dulles Views President Bids Citizens Unit Shun Complacency--He Hints Active Campaign He Decries 'Complacency' Eisenhower Finds U.S. Prestige High
Arabs Ask Curbs In U.N. Proposal On Mideast Peace; Fight Plan For Hammarskjold To Continue Effort--Want Him To Avoid Peace Issues Syria Charges 'Poison' Settlement On A Mutual Basis Also Is Opposed--Israel Backs British Resolution 'Nothing But Poison' Arabs Ask Curbs On U.N. Proposal Israeli Offer Renewed Silent On Point
Chou Forecasts Accord On Taiwan; Says Prospect For 'Peaceful Liberation' Of The Island Is Brighter Every Day Internal Affair, He Says Chou Forecasts Accord On Taiwan
Arabs Still Balk At U.N. Peace Plan; Ask More Curbs On Mideast Mission--Soviet Agrees Arabs Still Balk At U.N. Peace Plan
World Events — June 1956
Time Person of the Year — 1956
On the radio
Billboard Charts — June 1, 1956
On the bookshelf
On the television
Nielsen Top 10 — 1955–56 Season
Emmy Winners — 1956
At the movies
Box Office & Oscar Winners — June 1, 1956
On the field
Sports Champions — June 1, 1956
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