1958 brought Americans recession with a vengeance and large increases in unemployment over 7.0% (5.2 million), inflation dipped below 2% in 1958 so those in work earning the average wages of $3,851 per year were quite well off , cars continued to get bigger and heavier with larger engines, but imports continued to grow now with the added Datsun and more Toyotas from Japan. Americas first satellite was launched from Cape Canaveral. This is also the year that the Microchip first developed which is the very early stages of PCs we all now use at work and at home. thepeoplehistory/1958.html
Posted on: Wed, 15 Oct 2014 16:49:28 +0000