Frank X. McNamara created the first modern credit credit. At first it was given out to 200 people. Only 27 restaurants in New York allowed them. By the end of they ear 20,000 people were using it. Frank worked with two other men and they had started a company called Diners Club. The three just pooled some money and made their company.
The Korean war begins. It begins when North Korea attacks the south with Russian weaponry. The U.S takes side with the South two days later. President Truman orders the Navy and Air Force to the Peninsula. On June 30th attacks are made on the ground and in the air space of North Korea. It was a 3 year war.