USSR and China Sign a Thirty Year Pact, Korean War, Gives Half Oil, Truman Announces National Emergency, Super Contellation Tested, Peace Treaty between Japan and Allies ,King Abdulah assassinated, First Electronic Computer, 22nd Amendment Limits Presidency to Two Terms, Color TV Introduced, US Airforce Orders B- 52 Bomber , H- Bomb ,Mao Tse-Tung
1950 USSR and China Sign a Thirty Year Pact Mao Tse-Tung signed a 30-year Treaty of Friendship with the Soviet Union. The treaty was one of alliance and mutual assistance. A series of economic agreements followed. |
1950 North Korea Invades the South The Korean War began with an attack made by North Korean forces across the 38th parallel dividing North and South Korea. The attack took place on June 24, 1950, and was a complete surprise to the American administration. It was feared that this attack heralded the beginning of World War III. |
1950 Aramco Gives Half Oil Income Saudi Arabia and Arabian-American Oil Company reached an agreement under which the government was to receive 50% of the income from oil. |
1950 Truman Announces National Emergency To respond to the strain on economic and military resources caused by the Korean War, President Truman announced a National Emergency. This gave him broad economic powers. |
1950 Super Contellation Tested Lockheed unveiled its new "Super Constellation" on October 13. The "Super Constellation" was a stretched version of the C-69. The Tourist Class section grew from 69 to 92. |
1949
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