News and Events of 1950
US GDP (1998 dollars):
$294.6 billionFederal spending:
$42.56 billionFederal debt:
$256.9 billionConsumer Price Index:
5.9%Cost of a first-class stamp:
NY Yankees d. Philadelphia Phillies (4-0)
Minneapolis Lakers d. Syracuse (4-2)
Detroit d. NY Rangers (4-3)
Louise Brough d. M. duPont (6-1 3-6 6-1)Men:
Budge Patty d. F. Sedgman (6-1 8-10 6-2 6-3)
Kentucky Derby Champion
NCAA Basketball Championship
CCNY d. Bradley (71-68)
NCAA Football Champions
Uruguay d. Brazil (2-1)
- Saturday morning children's programming begins.
- Phonevision, the first pay-per-view service, becomes available.
- Broadway classic Guys and Dolls debuts at the 46th Street Theatre and becomes an instant hit. The show ran for three years and became one of the Great White Way's longest-running shows, with 1,200 performances.
- Charles Schulz introduces the Peanuts comic strip.
- Sunset Boulevard, All About Eve, Born Yesterday, The Third Man
Nobel Prizes in Science
Chemistry: Otto Diels and Kurt Alder (both Germany), for discovery of diene synthesis enabling scientists to study structure of organic matter
Physics: Cecil Frank Powell (UK), for method of photographic study of atom nucleus, and for discoveries about mesons
Physiology or Medicine: Philip S. Hench, Edward C. Kendall (both US), and Tadeus Reichstein (Switzerland), for discoveries about hormones of adrenal cortex
- Col. David C. Schilling (USAF) makes the first nonstop transatlantic jet flight in 10 hours and 1 minute (Sept. 22). Background: Famous Firsts in Aviation
- The first Xerox machine is produced.
- The first self-service elevator is installed by Otis Elevator in Dallas.
- Richard Lawler (US) performs the first successful kidney transplant at Loyola University. Background: Health & Nutrition