AUGUST 2, 1950

WEDNESDAY
$1,000 INVESTED IN COKE STOCK (KO) IN 1950
WOULD HAVE MADE YOU $4,974,536 IN THE 2025 DATASET
Min_Wage_Hourly: $0.75
Median_Home_Price: $7,400.00
Gas_Price_Avg: $0.27
Bread_Price_Avg: $0.14
Movie_Ticket_Avg: $0.46
First_Class_Stamp: $0.03
Milk_Price_Avg: $0.83
Top Movies From 1950
1 King Solomon's Mines
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King Solomon's Mines
2 All About Eve
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All About Eve
3 Annie Get Your Gun
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Annie Get Your Gun
4 Cinderella
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Cinderella
5 Father of the Bride
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Father of the Bride
6 Sunset Boulevard
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Sunset Boulevard
7 Broken Arrow
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Broken Arrow
8 Cheaper by the Dozen
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Cheaper by the Dozen
9 Born Yesterday
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Born Yesterday
10 The Flame and the Arrow
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The Flame and the Arrow
Gun Crazy
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Gun Crazy
Panic in the Streets
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Panic in the Streets
The Great Rupert
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The Great Rupert
Winchester '73
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Winchester '73
Three Came Home
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Three Came Home
D.O.A.
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D.O.A.
Destination Moon
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Destination Moon
The Asphalt Jungle
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The Asphalt Jungle
Caged
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Caged
The Gunfighter
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The Gunfighter
Treasure Island
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Treasure Island
Where the Sidewalk Ends
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Where the Sidewalk Ends
My Friend Irma Goes West
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My Friend Irma Goes West
The Happiest Days of Your Life
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The Happiest Days of Your Life
Mystery Street
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Mystery Street
In a Lonely Place
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In a Lonely Place
The Damned Don't Cry
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The Damned Don't Cry
The Capture
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The Capture
Stromboli
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Stromboli
Samson and Delilah
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Samson and Delilah
Battleground
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Battleground
On the Town
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On the Town
Twelve O'Clock High
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Twelve O'Clock High
Sands of Iwo Jima
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Sands of Iwo Jima
Dear Wife
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Dear Wife
August 2, 1950 Trivia
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Television On August 2, 1950
The Story of August 2, 1950

On August 2, 1950, significant developments unfolded in U.

Inventions & Breakthroughs of August 1950

Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.

1 Magnetic Core Memory
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Magnetic Core Memory
2 Hydrogen Bomb Prototype
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Hydrogen Bomb Prototype
3 Charge-Coupled Device Concept
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Charge-Coupled Device Concept
4 Optical Fiber Concept
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Optical Fiber Concept
5 Commercial Credit Card
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Commercial Credit Card
6 Microwave Relay Network
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Microwave Relay Network
7 Automatic Seat Belt
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Automatic Seat Belt
8 Electronic Music Synthesizer
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Electronic Music Synthesizer
9 High-Speed Digital Computer
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High-Speed Digital Computer
10 Weather Satellite Concept
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Weather Satellite Concept

The Sounds of

Popular recordings and roots/country selections associated with the year

HEADLINES ON August 2, 1950

Full News Archive

  • Headline: Senate Supports Truman's Arms Aid Request. Impact: Truman's plea for arms aid set off a chain reaction that eventually led to the U.S. becoming the world's unofficial arms dealer. Who knew that helping other countries could lead to a staggering collection of military memorabilia in your backyard?. Fact: Truman's middle name was 'S', which is probably short for 'Seriously, can we just stop fighting?'.
  • Headline: Tragic Arctic Plane Crash Claims Explorer's Life. Impact: The tragic loss of the explorer in the Arctic sparked a sudden interest in safety regulations for aviation. This event indirectly led to the invention of the inflatable life raft, which is now the must-have accessory for every overzealous traveler.. Fact: Arctic explorers always packed extra socks, but it turns out they should've packed extra caution..
  • Headline: U.S. and Korean Unity Meets Test In Enemy Attack in Kochang Area; U.S.-KOREAN UNITY PROVED IN BATTLE. Impact: The successful collaboration between U.S. and South Korean troops in battle set the stage for decades of military cooperation and the creation of some very uncomfortable family reunions.. Fact: The U.S. and South Korea have more joint military exercises than most couples have date nights..
  • Headline: YIELDING BY KING APPEASES BELGIUM; Anti-Leopoldists Cancel Plan for Display in Brussels and Decide to End Strikes CABINET SPEEDS UP BILL Meets at Night to Prepare Measure to Give Powers to Crown Prince Baudouin. Impact: The King’s appeasement of Belgium showed the world that sometimes the best way to avoid a revolution is simply to throw a parade. After all, who can be angry while they’re dancing?. Fact: Belgium is famous for its chocolate, but during this time, they were just trying to sweeten the deal with their monarchy..
  • Headline: WEIRTON RESCINDS UNION RECOGNITION; Obeys Court Order Upholding Finding Concern Had Hand in Independent Unit's Affairs. Impact: Weirton rescinding union recognition sent shockwaves through labor movements, leading to a series of protests and strikes that made it clear – workers were not going to just roll over for corporate whims.. Fact: The only thing more volatile than labor relations in this era was the stock market after a bad episode of 'The Office'..
  • Headline: Propaganda Drive in Orient Called Soviet Aim in U.N.; Observers at Security Council Say Malik Addressed Asians in His Remarks. Impact: The propaganda drive in the Orient helped to ignite a frenzy of misinformation campaigns that still plagues us today. Thanks to Malik, we now have a masterclass in how not to win friends and influence people.. Fact: The Security Council meetings have always been a bit like high school debates – loud, full of interruptions, and with the promise of a snack at the end..
  • Headline: Text of Truman Controls Note. Impact: Truman's controls note was like the original 'terms and conditions' – everyone skimmed it, but few actually understood its implications on governance and economy.. Fact: The only thing more confusing than Truman's controls was trying to figure out how to use a rotary phone..
  • Headline: Israel Raises Consul Here. Impact: The elevation of Israel's consul to the rank of minister demonstrated the slippery slope of diplomatic recognition, leading to a future where you needed a PhD just to keep up with international titles.. Fact: Israel's diplomatic ranks have more titles than a romance novel, and just as much drama..
  • Headline: A STUDENT RIOT IN BERLIN. Impact: The student riot in Berlin ignited a passion for activism that echoed through the decades, proving that students are always willing to make a scene – especially if they can skip class in the process.. Fact: Berlin has had so many student riots that they could probably host an annual festival – complete with protest-themed souvenirs..

Wall Street Time Machine

The Right Call: If you'd invested $1,000 in any one of these companies in 1950, here's what the stored 2025 dataset estimates.
Rank #1
JNJ
Johnson & Johnson
Price in 1950
$0.06
2025 dataset value
$3,433,941

Johnson & Johnson - If you invested $1,000 in 1950, it would be worth $3,433,941 today (3433.9x return)

Rank #2
PG
Procter & Gamble
Price in 1950
$0.25
2025 dataset value
$586,657

Procter & Gamble - If you invested $1,000 in 1950, it would be worth $586,657 today (586.7x return)

Rank #3
MO
Philip Morris
Price in 1950
$0.00
2025 dataset value
$23,651,330

Philip Morris - If you invested $1,000 in 1950, it would be worth $23,651,330 today (23651.3x return)

🦸 Top 5 Comics
Crime Suspenstories #1
Crime Suspenstories #1
$2,500
Classics Illustrated #75: Oliver Twist
Classics Illustrated #75: Oliver Twist
$75
Marvel Family #10
Marvel Family #10
$300
Mutiny On The Bounty #1
Mutiny On The Bounty #1
$150
Walt Disney'S Comics And Stories #111
Walt Disney'S Comics And Stories #111
$50
🧸 Top 5 Toys
Magic 8-Ball
Magic 8-Ball
$30.00
Silly Putty
Silly Putty
$25.00
Lone Ranger Guns And Holster Set
Lone Ranger Guns And Holster Set
$150.00
Davy Crockett Coonskin Cap
Davy Crockett Coonskin Cap
$150.00
Cootie Game
Cootie Game
$25.00
⚾ Top 5 Trading Cards
1950 Bowman Jackie Robinson
1950 Bowman Jackie Robinson
$1,200
1950 Callahan Hall Of Fame Babe Ruth
1950 Callahan Hall Of Fame Babe Ruth
$50,000
1950 R714-27 Topps 'Funny Foldees'
1950 R714-27 Topps 'Funny Foldees'
$2,000
1950 Swedish Cigarett-Paket Gretzky Tobacco Stamp
1950 Swedish Cigarett-Paket Gretzky Tobacco Stamp
$1,500
1950 L-M Gum Superman
1950 L-M Gum Superman
$250,000