It was the 1950s. The average cost of a new house at the beginning of the decade was $8,450, while the average wage was $3,210. A gallon of gas cost 18 cents and a new car would set you back $1,510. On the other side of the things, technology was very expensive - a Stromburg black and white television cost $250, while a clock radio could fetch $60.

In 1950, Diners Club issued the first credit card and the United Stated entered Korea for a "police action" lasting 2 years, 33,000 American lives lost and over 100,000 injured. As they had done so valiantly during WWII, Italian Americans joined the fight, four of whom earned our nation's highest honor, the Congressional Medal of Honor

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Source: http://www.italiantribune.com/