American Decades
People in the News
In January 1951 Michael V. DiSalle, director of the Office of Price Stabilization, endorsed a freeze on prices by saying it was like "bobbing a cat's tail": better to do it all at once close to the body, otherwise the result would be a mad cat and a sore tail.
On 7 October 1959 Walter D. Facler, assistant economic research director of the U.S. Chamber of Commerce, told a Senate committee that some unemployment could be a "positive economic good."
In 1959 Harold Geneen, executive vice-president of Raytheon, took over as president of International Tele-phone & Telegraph (IT&T).
In 1957 Fortune magazine listed Jean Paul Getty, with a fortune of $700 million to $1 billion in American and Arabian oil and real estate, as the richest American.
In 1959 Milton J. Hammergren, former vice-president of Rudolph Wurlitzer jukebox manufacturers, testifying before a Senate hearing on the...
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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
