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The US Social Security system began levying taxes on workers’ wages.
(Econ, 8/20/05, p.23)(www.ssa.gov/history/1930.html) -
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Millionaire Howard Hughes set a transcontinental air record by flying his monoplane from Los Angeles to Newark, N.J., in seven hours, 28 minutes and 25 seconds.
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Japan refused to reveal naval data requested by the U.S. and Britain.
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The first nylon products, toothbrushes, were marketed in New Jersey by Du Pont.
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The Massachusetts legislature voted to ratify the Bill of Rights, 147 years after the first 10 amendments to the U.S. Constitution had gone into effect.
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The 1940 census indicates a United States population of 132,164,569 which creates a need for more goods.
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The Lend-Lease Act is approved, which provided $7 billion in military credits for American manufactured war supplies to Great Britain and other allies
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President Franklin D. Roosevelt relocated many Japanese Americans as the war increased.
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The Jefferson Memorial in Washington, D.C. is dedicated on the 200th anniversary of Thomas Jefferson's birth by President Franklin D. Roosevelt who changed the economy.
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The G.I. Bill of Rights is signed into law, providing benefits to veterans.
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President Roosevelt, Prime Minister Churchill, and Premier Josef Stalin hold the Yalta Conference in the Soviet Union which allowed for communication.
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Four hundred thousand mine workers begin to strike, with other industries following their lead.
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The Truman Doctrine is announced to the U.S. Congress. When passed it would grant $400 million in aid to Greece and Turkey to battle Communist terrorism
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A counter blockade by the west was put into effect, as well as a British and U.S. airlift of supplies and food, until both blockades were lifted on September 30, 1949.
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NATO, the North American Treaty Organization, is formed by the United States, Canada, and ten Western European nations. The treaty stated that any attack against one nation would be considered an attack against them all.
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In 1950, the first modern credit card was introduced, which would eventually change the financial lives of every American in the years to come.
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In 1951, color tv was introduced, bringing life-like shows into American homes.
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London suffered through the Great Smog of 1952, with deaths numbering in the thousands.
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Soviet dictator Joseph Stalin died, and Julius and Ethel Rosenberg were executed for espionage which cause many nations to suffer.
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Eisenhower warned against US intervention in Vietnam which made the economy struggle due to the war.
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After years of planning, Walt Disney's very first theme park Disneyland opened its gates at 2:30PM on Sunday July 17, 1955 in Anaheim, California.
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The US Navy established its first nuclear power school at Submarine Base, New London, Connecticut.
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The Hamilton Watch Company was the first to introduce an electric watch in Lancaster, Pa.
