In the mid-1950s, TIME, the weekly news magazine founded in 1923, featured covers devoted to the economy, Hollywood, psychiatry, Russia, labor, and fashion. Titles and photos inside its distinctive red border included the following: The Bull Market (a bull on Wall Street); Gentleman Prefer Ladies (Grace Kelly); Exploring the Soul – A Challenge to Freud (Carl Jung); Shakeup in the Kremlin (Nikita Khrushchev); AFL’s George Meany (smoking a cigar, bald-headed, with bad teeth); and The American Look (fashion designer Claire McCardell). Harlow Curtis, President of GM, was named Man of the Year. GM sold five million vehicles and became the first U.S. corporation to earn $1 billion in a single year.A copy of TIME in 1955 cost twenty cents. Today each weekly issue sells for five dollars. Read more about 1950s culture and TIME magazine in A Brain. A Heart. The Nerve. (see NOVELS.
