A poignant sign of the business recession of 1958, these people waited to claim unemployment insurance in New York City, New York, in February, when U.S. unemployment was almost 5 million.

The unemployment line was also long in Detroit, Michigan, as fewer Americans were buying new cars in 1958.

When General Electric and other appliance manufacturers announced that they would no longer enforce fair-trade prices, consumers saved money as price competition grew.

SEE ALSO
In the Year 1958

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This page was last updated on May 23, 2017.