1950-1970 economy By korban.soloma15 Jan 1, 1950 1950 - 5.3% Unemployment https://www.infoplease.com/business-finance/labor-and-employment/united-states-unemployment-rate Jan 1, 1950 1950 - Average Inflation Rate 1.3% http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ Jun 25, 1950 Korean War Sep 4, 1951 The first live transcontinental television broadcast takes place in San Francisco Oct 10, 1951 Mutual Security Act Jan 1, 1958 AFL-CIO Merged Jan 1, 1962 First Audio Casette invented Jan 1, 1964 BASIC Computer Language Invented Aug 20, 1964 Economic Opportunity Act of 1964 Jan 1, 1965 United States Department of Housing and Urban Development This department was added to the cabinet in 1965. Jan 1, 1971 1970 - 4.9% Unemployment https://www.infoplease.com/business-finance/labor-and-employment/united-states-unemployment-rate Jan 1, 1971 1970 - Average Inflation Rate 5.7% http://www.usinflationcalculator.com/inflation/historical-inflation-rates/