Ray Kroc opens his 1st McDonald's in Des Plaines, IL.

Bill Haley and the Comets' "Rock Around the Clock" hits #1.

President Eisenhower increases the minimum wage to $1 per hour.
(Adjusted for the rate of inflation the minimum wage then would be $8.87 now)

Captain Kangaroo and The Mickey Mouse Club make their debut.

Lee Meriwether is Miss America.

Average price of a new house is $10,950.00.

Average price of a new car is $1,910.00.

A movie ticket is 75¢

Gasoline is 23¢ per gallon.

Fresh Baked Bread is 18¢ per loaf.