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.
Cost Of Living, - News, Facts and Events, - Movies, TV and Music, - Technology, - Born This Year, World Leaders,
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Cost of Living 1950

How Much things cost in 1950
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 Sterling

Average House Price 1,940


Popular Culture 1950

  • James Dean gets his break when he appears in a Pepsi Commercial

Popular Films

  • Cinderella
  • Samson and Delilah
  • Sunset Blvd
  • Father of The Bride
  • King Solomon's Mines
  • Annie Get Your Gun





Technology

    U.S.
  • First TV remote control, Zenith Radio's Lazy Bones is marketed


  • Diners Club Issues First Credit Cards


  • President Truman authorizes 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
  • Communist China provides additional military forces to Communist North Korea
North Korea
  • North Korea invades South Korea capturing Seoul
U.S.
U.S.
  • President Truman approved U.S. construction of the hydrogen bomb
U.S.
  • US Defense Production Act starts wage and price controls.
South Korea
  • US leads UN in Korean War
U.S.
  • Persecution of Communists is initiated by Senator McCarthy
U.S.
  • The Eastern United States suffers 7 days of Blizzard Conditions and strong winds leaving more than 1 million homes without power.
U.S.
  • Chinese invasion of Tibet
NATO
  • 12 nations agree to the creation of North Atlantic Treaty Organization / NATO for the defense of the United States and Europe.
Poland
  • Formation of the Warsaw Pact in answer to the wests NATO
Papua New Guinea
  • Volcanic cloud kills 5000 in Mount Lamington, New Guinea
U.S.
  • Albert Einstein warns that nuclear war could lead to mutual destruction
South Africa
  • In South Africa, the Group Areas Act is passed formally segregating races
UK
  • Violent storms and a tornado devastate southern England
India
  • Earthquake and floods in Assam, India - 574 deaths, 5,000,000 believed homeless
Vietnam
  • President Harry Truman sends United States military personnel to Vietnam to aid French forces
U.S.
  • President Harry S. Truman places America’s railroads under the control of the U.S. Army
U.S.
  • Two Long Island commuter trains collide in the Richmond Hills section of Queens killing 79 people
UK
  • The British Labour party wins the 1950 general election
UK
  • Petrol Rationing Ends in Great Britain after 11 years
Uruquay
  • Uruguay wins the 1950 World Cup in Brazil
Monaco
  • Fangio wins the Monaco Grand Prix his first Grand Prix of a total of 24 Grand Prix victories






Major World Political Leaders

Australia Prime Minister Sir Robert Menzies

Brazil President Gaspar Dutra

Canada Prime Minister Louis St. Laurent

China Chairman of the People's Republic of China Mao Zedong

France President Vincent Auriol

Germany Chancellor Konrad Adenauer

India Prime Minister Jawahar Lal Nehru

Italy Prime Minister Alcide De Gasperi

Japan Prime Minister Shigeru Yoshida

Mexico President Miguel Alemán Valdés

Russia / Soviet Union
Chairman of the Council of People's Commissars Joseph Stalin

South Africa Prime Minister Daniel François Malan

United States President Harry S. Truman

United Kingdom Prime Minister Clement Attlee


Political Elections


British General Election 1950 Clement Attlee ( Labour ) defeats Winston Churchill ( Conservative ) and Clement Davies ( Liberal )


The Information above is taken from our new page that gives world leaders from 1920 to current.
WorldLeaders