I was perusing a friend’s collection of ‘old’ magazines (Thank You Ardie) and discovered this gem From the September 1946 issue of Farm Journal.

Notice the Danger Sign on the $275 Billion debt limit. If they only knew.

Note: The Farm Journal is still in print and is Online Here

Facts from 1946 …

• Harry S. Truman was President – There was no Vice-President
• United States Population: 141,388,566
• Life expectancy: 66.7 Years
• Federal debt: $271.0 billion
• Federal spending: $55.23 billion
• Dow Jones High/Low: 212/165
• Consumer Price Index: 19.5
• Average Cost of new house $5,600.00
• Average wages per year $2,500.00
• Cost of a gallon of Gas 15 cents
• Average Cost of a new car $1,120.00
• Cost of a first class postage stamp: 3 cents
• Unemployment: 3.9%

A Few 1946 Events

• Republicans swept the November congressional elections.
• U.S. troops seized control of US railroads during rail unions strike
• League of Nations dissolved
• United Nations’ first meeting in London & then Long Island NY
• Fidelity Investments was founded in Boston
• First automatic electronic digital computer, ENIAC, was dedicated
• The first church service was telecast