Cost of Living 1962How Much things cost in 1962
Yearly Inflation Rate USA 1.20%
Yearly Inflation Rate UK 3.6%
Year End Close Dow Jones Industrial Average 652
Average Cost of new house $12,500.00 Average Income per year $5,556.00 Average monthly rent $110.00 per month Tuition to Harvard University $1,520.00 All Wheel Drive Scout off road $2,150.00 Renault Imported car $1,395.00 Average Cost of a new car $3,125.00 Eggs per dozen 32 cents Gas per Gallon 28 cents Factory Workers Average Take Home Pay with 3 dependents $94.87
Below are some Prices for UK guides in Pounds Sterling
Average House Price 2,950 New Ford Cortina 591
From Our 1962 Page Part of our 1960s Toys Selection of 250 Sixties Toys
What Events Happened in 1962Germany
- Heavy storm flood on Germany's North Sea coast, mainly around Hamburg, more than 300 people die, thousands losing their homes
- Cuban Missile Crisis when USSR plans to deploy Missiles in Cuba brings the world to the brink of world war, the US blockades Cuba and the USSR agrees to dismantle Soviet Silos Begins On October 15th ends on November 20th
Background: 1961 April 17th to April 19th United States backs CIA-trained forces of Cuban exiles to overthrow the Cuban regime (Bay of Pigs )
1. February 7th A U.S. embargo ordered by President Kennedy goes into effect on all imports from Cuba including tobacco, seafood, fruits and vegetables
2. April to October Cuban and Soviet governments secretly began to build 9 missile bases in Cuba for launching medium-range and intermediate-range ballistic missiles, Missiles capable of reaching 2,800 miles covering most of the United States
3. on August 6th United States begins to suspect Soviets building Missile Bases in Cuba
4. August 7th United States Protests to Soviet Union who refute the allegations
5. October 14th United States Air Force U-2 plane on a photo reconnaissance mission captured photographic proof of Soviet missile bases under construction in Cuba
6. October 16th President Kennedy is informed proof of Cuban Missile Installations
7. October 17th U-2 flight discovers intermediate range (IRBMs) SS-5 nuclear missiles installed in Southern Cuba.
8. October 18th at a Personal meeting between Soviet Minister of Foreign Affairs, Andrei Gromyko and President John F. Kennedy, Gromyko assures Kennedy that installations are purely defensive.
9. October 20th President Kennedy cancels remainder of his campaign trip because of an "upper respiratory infection."
10. October 21st U-2 flight discovers further missile bases in Northern Cuba.
11. October 21st U-2 flight reveals Soviet bombers and Migs numbers increasing.
12. October 22nd President Kennedy addresses the nation in a televised speech, announcing the presence of offensive missile sites in Cuba.
13. October 22nd US Forces Go to DEFCON 3
14. October 23rd U.S. ships take up position 500 miles offshore to blockade Cuba.
15. October 24th Most Soviet Shipping slows down or turns round except 1 ship
16. October 24th US Forces Go to DEFCON 2
17. October 25th Discussions focus over withdraw of U.S. missiles from Turkey in exchange for the withdrawal of Soviet missiles in Cuba
18. October 26th Soviet Premier Nikita Khrushchev proposes removing soviet missiles if President Kennedy publicly announces U.S. would never invade Cuba.
19. October 27th Khrushchev proposes in letter public trade of Soviet missiles in Cuba for U.S. missile in Turkey.
20. October 27th American U-2 is shot down over Cuba while on reconnaissance killing the pilot, Major Rudolf Anderson.
21. October 27th Kennedy writes Khrushchev a letter stating that he will make a statement that the U.S. will not invade Cuba if Khrushchev removes the missiles from Cuba.
22. October 28th Khrushchev announces over Radio Moscow that he has agreed to remove the missiles from Cuba.
23. November 20th Following confirmation missiles had been removed from Cuba the United States blockade of Cuba ends
What happened when DEFCON 2 declared ? 1,436 B-52 bombers dispersed and made ready to take off, fully equipped, on 15 minutes notice. 145 intercontinental ballistic missiles stood on ready alert, while Air Defense Command re deployed 161 nuclear-armed interceptors to 16 dispersal fields within nine hours including one-third maintaining 15-minute alert status. I have included this to show how close full scale nuclear war was between the world's two superpowers, we can only guess that the Soviet Union was at similar alert status and had similar plans in place.
Although no formal announcement was ever made by the United States following the Soviet dismantling of Missiles in Cuba the United States did Withdraw all nuclear missiles from Turkey by April 24th 1963 and because the Soviet Union and the United States came the closest in history to all out war a direct communications hot line was established between Moscow and Washington, D.C..
- Marilyn Monroe is found dead on August 5th after apparently overdosing on sleeping pills
- Rioting on University of Mississippi campus following Black student James Meredith attempting to enroll ending when federal troops and U.S. marshals take control.
- The US Navy SEALS are created on January 1st as the U.S. Navy's principal special operations force, the special force was in existance prior dating back to World War II when the Navy "Scouts and Raiders" was formed.
- The First Wal-Mart discount store is opened by by Sam Walton in Bentonville Arkansas
- The Columbus Day Storm ( 12th October ) strikes Northern California, Oregon, Washington and British Columbia
- Brazil beat Czechoslovakia 3-1 to win the 1962 World Cup
- The first US rocket Ranger IV lands on the moon on April 26th
- First Ever Flavored Crisps / Chips sold Salt and Vinegar
- The United Nations General Assembly passes a resolution condemning South Africa's racist apartheid policies and calls for all UN member states to cease military and economic relations with the nation
- Burundi Gains Independence From Belgium
- East German Border Guards shoot attempted escapee Peter Fechter and leave him to die on the Berlin Wall
- The first Kmart department store opens in Garden City, Michigan
- Air France Boeing 707 crashes on take-off at Orly Airport in Paris on June 3rd
- John H. Glenn, Jr., becomes first American to orbit the earth during Friendship 7 orbit.
- Oral Polio Vaccine developed by Albert Sabin given to millions of children to combat Polio
- Algeria Gains Independence From France
- Jamaica Gains Independence From Great Britain
- Brazil wins the 1962 World Cup in Chili
- Beatles Turned Down By Decca Records
- Release of first Beatles recording: the single "Love Me Do"
- Andy Warhol's famous painting of a can of soup
- Beverly Hill Billies is on TV
- The Dick Van Dyke show on TV
- Johnny Carson begins as presenter for The Tonight Show
- West Side Story
- El Cid
- Lawrence of Arabia
- To Kill a Mockingbird
- The Beatles
- Bob Dylan
- Chubby Checker
- Frankie Valli & The Four Seasons
- Neil Sedaka
- Roy Orbison
- Shirley Bassey
Check out our Television Programmes From The 60s whenever possible we have included a trailer to jog your memory. Series trailers and more information are found on the decade they started.
Born This YearJoan Cusack October 11th
Evander Holyfield October 19th
Demi Moore November 11th
Jodie Foster November 19th
- 12 European countries form European Space Agency
- Telstar relays the first live trans-Atlantic television signal
- US Airforce investigates using lasers to intercept missiles
- 90% of US households own a Television Set
- Britain and France agree to develop the Concorde
- The first use of silicone breast implants by Houston plastic surgeons
Inventions Invented by Inventors and Country ( or attributed to First Use )
Communication Satellite USA Telstar
Venus Probe USA Mariner 2 - the first planetary probe
LEDs USA Light Emitting Diodes - used for displays
Major World Political LeadersAustralia Prime Minister Sir Robert Menzies Brazil President João Goulart Canada Prime Minister John Diefenbaker
China Chairman of the People's Republic of China Liu Shaoqi
France President Charles de Gaulle
Germany Chancellor Konrad Adenauer
India Prime Minister Jawahar Lal Nehru
Italy Prime Minister Amintore Fanfani
Japan Prime Minister Hayato Ikeda Mexico President Adolfo López Mateos Russia / Soviet Union
First Secretary of the Central Committee of the Communist Party of the Soviet Union Nikita Khrushchev South Africa Prime Minister Hendrik Frensch Verwoerd United States President John F. Kennedy United Kingdom Prime Minister Harold Macmillan
Canadian Federal Election 1962 John Diefenbaker ( Progressive Conservatives ) defeats Lester B. Pearson ( Liberal )