1950 was the start of the fast changes that would be seen in the next 2 decades , the great depression was becoming a faint memory and families were moving out to the suburbs, kids watched howdy doody on 12 inch black and white TV sets History of TV and spent Saturday afternoons watching cartoons at Cinema matinees , times were gentler with little violence and the consumer revolution was about to start in a big way, and the man of the household became the sole breadwinner. The median family income was $3,300 a year and milk was still delivered to the doorstep.
Yearly Inflation Rate USA 1.09%
Yearly Inflation Rate UK 2.8%
Average Cost of new house $8,450.00
Average wages per year $3,210.00
Cost of a gallon of Gas 18 cents
Average Cost of a new car $1,510.00
Stromburg Black and White Television $249.95
Ball Point Pen 25 cents
Samsonite Case $25.00
Clock Radio $59.95
Below are some Prices for UK guides in Pounds Stirling
Average House Price 1,940
Cost of Living 1950
How Much things cost in 1950Yearly Inflation Rate USA 1.09%
Yearly Inflation Rate UK 2.8%
Average Cost of new house $8,450.00
Average wages per year $3,210.00
Cost of a gallon of Gas 18 cents
Average Cost of a new car $1,510.00
Stromburg Black and White Television $249.95
Ball Point Pen 25 cents
Samsonite Case $25.00
Clock Radio $59.95
Below are some Prices for UK guides in Pounds Stirling
Average House Price 1,940
Popular Culture 1950
Popular Films
- Cinderella
- Samson and Delilah
- Sunset Blvd
- Father of The Bride
- King Solomon's Mines
- Annie Get Your Gun
Technology
- First TV remote control, Zenith Radio's Lazy Bones is marketed
- Diners Club Issues First Credit Cards
- President Truman authorises production of hydrogen bomb
- 8 million homes in the US now own Televisions
Inventions Invented by Inventors and Country ( or attributed to First Use )
Credit Card USA by Ralph Schneider
Transistor USA by William Shockley ( Bell Telephone )
What Events Happened in 1950
- North Korea invades South Korea capturing Seoul
- Great Brinks Robbery in Boston
- President Truman approved U.S. construction of the hydrogen bomb
- US leads UN in Korean War
- Persecution of Communists is initiated by Senator McCarthy
- Chinese invasion of Tibet
- 12 nations agree to the creation of North Atlantic Treaty Organisation / NATO for the defence of the United States and Europe.
- Formation of the Warsaw Pact in answer to the wests NATO
- Volcanic cloud kills 5000 in Mount Lamington, New Guinea
- Albert Einstein warns that nuclear war could lead to mutual destruction
- In South Africa, the Group Areas Act is passed formally segregating races
- Violent storms and a tornado devastate southern England
- Earthquake and floods in Assam, India - 574 deaths, 5,000,000 believed homeless
- President Harry Truman sends United States military personnel to Vietnam to aid French forces
- The British Labour party wins the 1950 general election
- Petrol Rationing Ends in Great Britain after 11 years
- Uruguay wins the 1950 World Cup in Brazil
- Fangio wins the Monaco Grand Prix his first Grand Prix of a total of 24 Grand Prix victories
Technology
- First TV remote control, Zenith Radio's Lazy Bones is marketed
- Diners Club Issues First Credit Cards
- President Truman authorises production of hydrogen bomb
- 8 million homes in the US now own Televisions
Inventions Invented by Inventors and Country ( or attributed to First Use )
Credit Card USA by Ralph Schneider
Transistor USA by William Shockley ( Bell Telephone )
