July 17, 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 — July 17, 1956
NY Times Headlines — Week of July 17, 1956
Troop Cut Policy Gaining Support Of Top U.S. Aides; Government Is Seen Leaning Toward Radford Plan To Stress Nuclear Arms Tax Cuts Imperiled Troop Cut Policy Gaining Support Argument Against Radford
Gold Coast Vote Won By Premier; Nkrumah Party Gets Margin To Adopt Freedom Act Gold Coast'S Election Is Won By The Prime Minister'S Party Balloting Is Peaceful
Eisenhower'S Four Years; An Evaluation Of The Republican Administration In A Complex World Study Of 4 Years Under Eisenhower A Presidential Epitaph Words Of Stevenson A Compromise Peace New Problems Posed Matter Of Definition Turnabout On Soviet
World Events — July 1956
Time Person of the Year — 1956
On the radio
Billboard Charts — July 17, 1956
On the bookshelf
On the television
Nielsen Top 10 — 1955–56 Season
Emmy Winners — 1956
At the movies
Box Office & Oscar Winners — July 17, 1956
On the field
Sports Champions — July 17, 1956
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