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Warner Brothers shows the first color newsreel, presenting the 1948 Tournament of Roses
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Winter Olympics open in St. Moritz Switzerland
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President Harry Truman signs the Marshall Plan which authorizes $5 billion in aid for 16 countries
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The World Health Organization is established by the United Nations
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1948 Arab-Israeli War: Mandate of Palestine is officially terminated by Britain; Egypt, Transjordan, Lebanon, Syria, Iraq and Saudi Arabia enter Palestine and attack the nascent State of Israel .
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Later becomes the Ed Sullivan Show
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William Shockley files the original patent for the grown junction transistor, the first bipolar junction transistor
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In a dramatic New York press conference, Columbia Records unveiled the the 33 1/3 rpm LP record
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President Harry S. Truman issues the second peacetime military draft in the United States amid increasing tensions with the Soviet Union (the first peacetime draft occurred in 1940 under President Roosevelt).
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1948 Summer Olympics begin in London, the first Summer Olympics since World War II
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House Un-American Activities Committee holds first-ever televised congressional hearing: "Confrontation Day" between Whittaker Chambers and Alger Hiss.
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Cleveland Indians defeat the Boston Braves to win the World Series, four games to two
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The 57th Street Art Fair, the oldest juried art fair in the American midwest, is founded.
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Swiss chemist Paul Muller is awarded the Nobel Prize in Chemistry for his discovery of the insecticidal properties of DDT - Minnesotans rejoice!
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United States presidential election, 1948: Harry S. Truman defeats Thomas E. Dewey and Strom Thurmond for the US presidency.
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