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Servicemen's Readjustment Act of 1944 became a law, commonly known as the G.I. Bill of Rights. It was created to help 15 million returning U.S. veterans reenter the job market.The G.I. Bill gave government grants to any veteran who wished to return to school.
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President Harry S. Truman signed the compromise bill into law on February 20, 1946. The Employment Act, created the Council of Economic Advisors to help Truman maximize national employment. The general goal was full employment, full production, and stable prices.
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The Labor Management Relations Act of 1947 is better known as the Taft–Hartley Act, Its a United States federal law that restricts the activities and power of labor unions. The act outlawed all-union workplaces, made unions liable for damages incurred during interunion disputes, and required labor organizers to denounce Communism and take oaths of loyalty.
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On December 16, 1947, they built the point-contact transistor, made from strips of gold foil on a plastic triangle, pushed down into contact with a slab of germanium. Its a tiny circuit device that amplifies, controls, and generates electrical signals. Invented by Bell Telephone Laboratories, Bardeen and Brattain.
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The first universal credit card, which could be used at a variety of establishments, was introduced by the Diners' Club, Inc., in 1950. Another major card of this type, known as a travel and entertainment card, was established by the American Express Company in 1958. The first credit card charge was made on February 8, 1950, by Frank McNamara, Ralph Schneider and Matty Simmons at Major's Cabin Grill, a restaurant adjacent to their offices in the Empire State Building.
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On March 26, 1953, American medical researcher Dr. Jonas Salk announces that he has successfully tested a vaccine against poliomyelitis, the virus that causes the crippling disease of polio.
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The United States developed the world's first nuclear-powered submarine: the Nautilus. Its first nuclear-powered journey took place on Jan. 21, 1954. The Nautilus had a practically unlimited range. It could stay underwater for great lengths of time because it didn't have to surface to recharge electric batteries.
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In 1955, the average American family watched television four to five hours a day. For example, The Tonight Show is an American late-night talk show that has aired on NBC since 1954. Again being broadcast from and recorded in the network's Rockefeller Center studios in New York City, it is the longest currently running, regularly scheduled entertainment program in the United States and the third-longest-running show on NBC after the Sunday morning political interview and talk show.
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The first McDonalds opens in Des, Illinois on April 15th, 1955. Built with its signature Golden Arc. First day sales are $366.12. By 1965 there would be over 700 McDonalds throughout the United States.
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The Federal Highway Act, allocated more than $30 billion for the construction of some 41,000 miles of interstate highways.
