Top 10 business stories of 1955 boom era
A summary of Sam Dawson’s year in review lists the top ten business and financial stories of 1955. It highlights a booming economy with rising production and consumer spending, Ford stock moves, volatile stock markets, widespread stock splits, lay-off pay, auto production gains, tighter credit, record profits led by General Motors, proxy battles at Montgomery Ward, and jet age airline orders shaping future travel.
MENTIONED IN THIS ARTICLE
New York
Ford
Wall Street
Eisenhower
U.S. Steel
General Motors
Jersey Standard Oil
Sears Roebuck
Montgomery , Ward
American Telephone & Telegraph
AFL
CIO
Detroit
Sewell Avery
Louis E. Wolfson
Montgomery Ward
Avery
Boeing
Douglas
Atlantic
United States
U S Winner in War Games at Sagebrush Exercise
In Sagebrush near Fort Polk Louisiana the nations first atomic war games end with U S forces repelling an aggressor invasion. Over three weeks 110000 Army troops and 30000 Air Force personnel simulated atomic warfare across seven million acres. General C P Weyland declared hostilities ended at 6 p m.
MENTIONED IN THIS ARTICLE
FT. Polk
United States
Louisiana
C. P. Weyland
Sagebrush
Minnesotans in Washington There's New Hope for Andresen
Rep. August H. Andresen of Minnesota, long seeking the chairmanship of the House Agriculture Committee, would gain top Republican ranking if re-elected and Republicans win a House majority. The farm policy outlook and 1956 election loom large as debates over price supports and dairy provisions unfold.
MENTIONED IN THIS ARTICLE
Washington
August H. Andresen
R-Minn
House Agriculture Committee
Minnesota
Clifford Hope
R-Kan
New Hope
Andresen
House
GOP
Congress
Senate
Hope
Truman Confined to Home With Illness
INDEPENDENCE Mo Harry S Truman has been confined to his home for three days with an intestinal illness. Dr Wallace Graham called it not serious and said he should be able to go out by Wednesday. The illness was revealed at a memorial service for Eddie Jacobson, Truman's former haberdashery partner. A telegram read at the service quoted Truman saying the illness kept him from attending and that he is establishing an Eddie Jacobson Memorial Foundation to promote education through scholarship religion and philanthropy.
MENTIONED IN THIS ARTICLE
Harry S. Truman
Wallace Graham
Eddie Jacobson
Truman
Eddie Jacobson Memorial
Senators Seek Moderation in Criticism of Foreign Policy
Three Senate Democratic leaders plan next week to push a policy of moderation in criticizing the Eisenhower administration's foreign and defense programs. Sen. Lyndon B. Johnson will meet with Georgia's George and Russell to align on a restrained approach amid calls from rivals like Stevenson and Harriman.
MENTIONED IN THIS ARTICLE
Washington
Senate
Eisenhower
Lyndon B. Johnson
D-Tex
Atlanta
Georgia
George and
Russell
Senate Foreign Relations and Armed Services
Johnson
George
Times
Averell Harriman
New York
G. Mennen Williams
Michigan
Adlai E. Stevenson
Congress
Stevenson
Harriman
Free World
Korea
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