May 12, 2026
The year was…
1951🕯️ Famous Death
The Media Mogul's Final Edition: The newspaper titan who inspired Citizen Kane and built a California castle bid farewell after decades of shaping American journalism and public opinion.
📈 Economy & Markets
Most Taxing Year for Corporations: Congress passed a revenue act hiking corporate taxes and slapping excess profits levies to fund a conflict on the Korean peninsula.
🌍 World Event
From Colony to Kingdom: This North African nation became the first country to achieve independence through the United Nations, trading Italian colonial rule for a monarchy under King Idris.
💡 Innovation & Loss
Most Colorful Television Debut: CBS broadcast the first commercial color program to American living rooms, though only a few dozen sets nationwide could display the rainbow promise.
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