May 1, 1962
Gas cost $0.31 a gallon in the spring of 1962, and the Dow Jones stood at 652 — with Kennedy facing off against the steel industry after major producers announced sharp price increases, only to reverse course within 72 hours under intense White House pressure. On movie screens, "West Side Story" was drawing audiences nationwide after sweeping the Academy Awards, while Elvis Presley held the top spot on the charts with "Good Luck Charm." The Boston Celtics defeated the Los Angeles Lakers to claim the NBA championship, and astronaut Scott Carpenter added to America's momentum in space by completing three orbits of the Earth aboard the "Aurora 7" capsule on May 24.
On the cover
Magazine Covers — May 1, 1962
NY Times Headlines — Week of May 1, 1962
President Denies Administration Seeks Price Rule; Informs The U. S. Chamber Of Commerce He Wants Rapport With Industry Reaction To Plea Cool Organization'S Head Blames Federal Spending And High Pay For Low Earnings Greedy Motive Denied Opens With A Pleasantry President Bars Price-Setting Job Chamber Head 'Comforted'
Kennedy Orders A Production Cut In Atom Weapons; Acquisition Of Warheads To Be Reduced By Thousands, Mostly Of Smaller Types
Soviet Charges U.S. Shifts To Rigid Stand On Berlin; Pravda Says Kennedy 'Threat' On Use Of Atomic Arms In Europe Resembles Churchill'S 'Iron Curtain' Speech
U.S. To Give Nato Five Submarines Carrying Poloris; 41 Vessels Eventually Will Form Nuclear Deterrent, Mcnamara Reports Allies' Efforts Scored Athens Parley Told They Fail To Meet Goal On Forces-- British Stand Disputed Mcnamara Defines Policy U.S. To Give Nato Polaris Vessels Spaak Defends U.S. Plan
World Events — May 1962
Time Person of the Year — 1962
On the radio
Billboard Charts — May 1, 1962
Grammy Awards
On the bookshelf
On the television
Nielsen Top 10 — 1961–62 Season
Emmy Winners — 1962
At the movies
Box Office & Oscar Winners — May 1, 1962
Ebert 4-Star Films — May 1, 1962
On the field
Sports Champions — May 1, 1962
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