July 30, 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 30, 1956
NY Times Headlines — Week of July 30, 1956
Germans Oppose Cut In U.S. Troops; Bonn Envoy Voices Concern To Dulles--General Cites Danger Of Civil War Adenauer'S Views Given Germans Oppose Cut In U.S. Troops Breakdown Of The Forces
Burmese Troops Face Red Chinese To Halt Invasion; Clashes With Peiping Forces Reported--Negotiations For Withdrawal Under Way Troops 200 Yards Apart Burmese Troops Face Red Chinese Burma Soft-Pedals Reports Seato Council Surprised Massacre In Tibet Reported Radford And Chiang Confer
Meeting On Aug. 16; Egyptian Warship Lies In English Port As Britain Marshals Forces
Syrian President Reported Ousted In Military Coup; Young Army Officers With Leaning Toward Red Bloc Believed Heading Move
World Events — July 1956
Time Person of the Year — 1956
On the radio
Billboard Charts — July 30, 1956
On the bookshelf
On the television
Nielsen Top 10 — 1955–56 Season
Emmy Winners — 1956
At the movies
Box Office & Oscar Winners — July 30, 1956
On the field
Sports Champions — July 30, 1956
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