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1960 – U-2 incident, wherein a CIA U-2 spy plane was shot down while flying a reconnaissance mission over Soviet Union airspace 1960 – Greensboro sit-ins, sparked by four African American college students refusing to move from a segregated lunch counter, and the Nashville sit-ins, spur similar actions and increases sentiment in the Civil Rights Movement.
The 1950s (pronounced nineteen-fifties; commonly abbreviated as the "Fifties" or the "' 50s") (among other variants) was a decade that began on January 1, 1950, and ended on December 31, 1959. Throughout the decade, the world continued its recovery from World War II , aided by the post-World War II economic expansion .
Beatniks and the Beat Generation, an anti-materialistic literary movement whose name was invented by Jack Kerouac in 1948 and stretched on into the early-mid-1960s, was at its zenith in the 1950s. [74] Such groundbreaking literature from the beats includes William S. Burroughs' Naked Lunch, Allen Ginsberg's Howl, and Jack Kerouac's On the Road.
By the late 1950s, Sing Out! had become the go-to magazine for countless folkies—like the popular folk trio of Peter, Paul, and Mary; newer performers like Tom Paxton; and the “star” of the ...
Expansion resumed following a return to growth in May 1954. Employment and GDP growth slowed relative to the previous two expansions. April 1958– April 1960 24 +3.6% +5.6%: A brief, two-year period of expansion occurred between 1958 and 1960, followed by another monetary recession in 1960. Feb 1961– Dec 1969 106 +3.3% +4.9%
In early 1950s, the Soviet Union, having reconstructed the ruins left by the war, experienced a decade of prosperous, undisturbed, and rapid economic growth, with significant and remarkable technological achievements most notably the first earth satellite. The nation made it to the top 15 countries with highest GDP per capita in the mid-1950s.
The period also saw great population growth with increased birth rates and the emergence of the baby boomer generation. Despite this recovery, the Cold War developed from its modest beginnings in the late 1940s to a heated competition between the Soviet Union and the United States by the early 1960s.
Domestically, after 1948, America entered an economic boom: 60% of the American population had attained a "middle-class" standard of living by the mid-1950s, compared with only 31% in the 1928 and 1929. Between 1947 and 1960, the average real income for American workers increased by as much as it had in the previous half-century. [219]