Hamilton Watch Company introduces the first electric watch.
Wham-O Company produces the first Frisbee. Dwight D. Eisenhower is inaugurated for a second term as President of the United States. Dr. Seuss' The Cat in the Hat is published. The US Federal Bureau of Investigation arrests Jimmy Hoffa and charges him with bribery. 22-year-old Elvis Presley buys Graceland for $US100,000. IBM sells the first compiler for the FORTRAN scientific programming language. A brand new 1957 Plymouth Belvedere is buried in Oklahoma in a time capsule. American Bandstand joins the ABC Television Network. The Ford Motor Company introduces the Edsel on what the company proclaims as "E Day". Perry Mason, Leave It To Beaver, Maverick, Have Gun Will Travel premiere on TV. The Soviet Union launches Sputnik 1, the first artificial satellite to orbit the earth. Ayn Rand's novel Atlas Shrugged is published. Toyota begins exporting vehicles to the U.S., the Toyota Crown and the Toyota Land Cruiser. The Mackinac Bridge opens to connect Michigan's two peninsulas. The Soviet Union launches Sputnik 2, with the first animal to orbit the Earth on board. Cold War: The United States calls for more American missiles and fallout shelters. Gordon Gould invents the laser. First U.S. attempt to launch a satellite fails, the rocket blowing up on the launch pad. The Boeing 707 airliner flies for the first time. William Clay Ford, Jr., American automobile executive is born. Humphrey Bogart dies. Portable radar used for speed enforcement. Cost of Living 1957 Average Cost of new house: $12,220.00 Average Monthly Rent: $90.00 Average Yearly Wages: $5,500.00 Cost of a gallon of Gas: 24 to 31 cents Bacon per pound: 60 cents Eggs per dozen: 28 cents HI FI Portable Record Player: $79.95 Children's Shoes $5.95 Postage stamp: 3 cents Car: $2,100 2/3 of new car purchases were made on credit Popular toys: Slinky, hula hoop. |