Business

By jboog08
  • U.S. and North Korea sign an armistice ending the Korean War. July 27 1953

    In 1953, after three devastating years of conflict, the United States and North Korea signed an armistice that effectively ended the Korean War. The agreement was temporary until a permanent peace treaty could be negotiated, but no such treaty has ever been signed. Despite this, the armistice has remained in place, helping to maintain a fragile peace on the Korean peninsula for more than half a century. However, tensions between North Korea and the United States have continued.
  • Josef Stalin dies. March 5 1953

    On March 5, 1953, Soviet leader Joseph Stalin died after suffering a stroke. Stalin had ruled the Soviet Union with an iron fist for more than two decades, and his death marked the end of an era in Soviet history. Although he had been a key figure in the Allied victory in World War II, Stalin's legacy was marred by his brutal repression of political opponents and the millions of people who died under his regime. Stalin's death triggered a power struggle within the Soviet leadership.
  • Queen Elizabeth II of Great Britain crowned. June 2 1953

    On June 2, 1953, Queen Elizabeth II was crowned as the monarch of Great Britain, becoming the youngest ruler in over a century. Her coronation was a global event, marking a new era for Britain after WWII. Elizabeth has since reigned over a time of significant change and development in the world.
  • Abdul Nasser seizes power in Egypt and becomes premier.

    On July 23, 1952, Egyptian army officers led by Gamal Abdel Nasser seized power in a coup that overthrew King Farouk and established a republic. Nasser became the new prime minister and put in policies aimed at modernizing the country, including land reforms, nationalization of key industries, and construction of the Aswan High Dam. He also pursued a policy of non-alignment in international affairs. Nasser remained a popular and influential figure in Egyptian politics until his death in 1970.
  • Italy, West Germany, and France establish the European Union.

    On March 25, 1957, Italy, West Germany, France, and other European nations signed the Treaty of Rome, establishing the European Economic Community (EEC) to promote economic cooperation and integration. This laid the foundation for the establishment of the European Union (EU), which has since become a powerful political and economic bloc with a single market and common currency.
  • First Mcdonalds opened in Des Plaines, IL

    On April 15, 1955, the first McDonald's fast-food restaurant opened in Des Plaines, Illinois by Ray Kroc. The restaurant introduced a new concept of fast food that revolutionized the industry, paving the way for rapid expansion across the US and around the world. Today, McDonald's is one of the most recognized and iconic brands, with thousands of locations worldwide.
  • Transatlantic cable telephone service begins.

    On September 25, 1956, the first transatlantic telephone cable was put into service, connecting North America and Europe with instant voice communication for the first time in history. The cable revolutionized global communication and paved the way for modern telecommunications technology.