Major News and Events, Technology, History, Born in 1950

Korean War begins when North Korea invaded South Korea in June

The Korean War begins when North Korea invaded South Korea in June . The country had previously been divided after the end of World War II with the North becoming Communist and the South remaining Capitalist. After the initial division each side had indicated that they wanted to unify the country under their preferred ideology but only small attacks had been made. Full on civil war began after the North launched a full invasion and eventually captured the South’s capital of Seoul. Not long after the war began, it became an international conflict when the United States and United Nations sent troops to help the South and China began helping the North. The war ended in 1953 when the two countries settled on maintaining the original division

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South Korea – More Information for the Battle of Osan.

American troops and North Korean forces fight each other for the first time in the Korean War during the Battle of Osan.

In July American troops and North Korean forces fought against each other for the first time in the Battle of Osan. The Korean War had only just begun in June when North Korea launched a full scale invasion of the South. Only a few U.S. troops had arrived in Korea by the time the Battle of Osan began, and they were considered largely unprepared to face the North Koreans. During the battle, the North Koreans quickly moved in on the U.S. forces and the Americans decided to withdraw from the fighting. Unfortunately, the withdrawal was uncoordinated and in the confusion the U.S. Troops suffered many casualties. The aftermath of the battle revealed that a combination of outdated equipment and a lack of organization would likely make it difficult for the Americans to win against the more well-prepared and organized North Korean forces.

President Truman receives the NSC-68 Report about the Cold War.

In April , the NSC-68 report was completed and presented to U.S. President Harry Truman. The report contained recommendations on how to approach the Cold War with the Soviet Union and would influence U.S. Policy in regards to the Cold War for the next twenty years. Some of the main results of the report was the United States’ aggressive military expansion and build up of nuclear weaponry, as well as enacting the policy of containment against Communist nations. The recommendations of NSC-68 became official U.S. policy in September after the outbreak of the Korean War. One of the long term effects of the report was the massive increase in military spending, with the budget nearly tripling soon after the policy change was enacted. The document was not officially declassified until 1975.

United States – Great Brinks Robbery

1. The Great Brinks Robbery takes place on January 17th.

2. The Brinks Armored Car Depot in Boston, Massachusetts was burglarized by a group of 11 men in a well-planned and coordinated robbery, masterminded by Anthony Pino.

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3. The robbers used Halloween masks as disguises and completed the robbery in about 30 minutes and stole about $2.7 million.

4. The perpetrators were caught because one of the men involved in the crime, Joseph “Specs” O’Keefe, had been apprehended for another crime and threatened to cooperate with authorities.

5. The other members of the group tried to have O’Keefe assassinated but the attempt failed.

6. After the botched hit, O’Keefe decided to cooperate with the FBI and made a deal to testify against his accomplices.

7. Two of the burglars died before facing trial and the remaining eight burglars were sentenced to life in prison.

8. They were not caught until January of 1956, just before the statute of limitations for the robbery expired. Only some of the money was ever recovered.

Diner’s Club issues the first credit cards.

More Information and Timeline for first credit cards.

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1. The first independent credit card company is created by Frank McNamara in February .

2. The first cards were made with cardboard and the plastic versions did not appear until the 1960s.

3. The Diners Club credit card was the first multi-purpose charge card and within a year of beginning operations the company had over 40,000 members.

4. Soon after that businesses in other countries began to accept the Diners Club Card as a form of payment, making it the first international credit membership in 1953.

5. By the end of the decade, over one million people were members in 1959.

6. In 1981 Citicorp took over Diners Club and it continued to be a popular choice for businesses and travelers.

7. In 2008 it was taken over by Discover and in 2009 BMO Financial Group was given the right to issue Diners Club credit cards in North America.