American Decades
Energy
A Reliance on Oil.
Aside from the relatively new atomic energy, the United States relied on crude oil (in refined form) to run its automobiles, to produce electricity in power plants, and for lubricants. Oil use exceeded that of coal or natural gas. In 1953 the United States imported more oil than it exported for the first time. Congress attempted to protect domestic producers of oil with a quota system on imports, initiated in 1959.
The Appliance Boom.
Electrical-energy production stood at 329 billion kilowatts in 1950, 232 percent more than the 142 billion in 1940, with the cost per kilowatt steadily declining. Soon after the end of World War II a vast array of new electrical devices made its way into households, including dishwashers, freezers, dryers, vacuum cleaners, ranges and ovens, and refrigerators. The availability of smaller items such as vacuum cleaners increased through door-to-door sales, and larger...
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1950's Business and the Economy
- Overview
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Topics in the News
- Advertising in the 1950s
- The AFL-CIO
- Air Travel in the 1950s
- Alcoa, Aluminum, and the End of a Monopoly
- Bank of America Leads a Financial Expansion
- Big vs. Small Businesses
- Creating the Computer
- Credit, Inflation, and Price Controls
- Energy
- Farming in the 1950s
- Housing in the 1950s
- Labor in the 1950s
- The Merger Wave
- The Military-Industrial Complex
- The National Highway Act and the Auto Industry
- The Railroad and its Decline
- Shopping Malls
- The Stock Market and Investment Trends
- The Sun Belt
- The Television Industry
- The Turbulent Teamsters
- Headline Makers
- People in the News
- Deaths
- Publications
- Important Events in Business and the Economy, 1950–1959
