By the way, the memo from Nichols (above) regarding Senator Brien McMahon's view of miltary cost in nuclear weapons,
does raise an issue many today fail to understand. The income of the average family was $3,100 in 1949 and by 1953,
there were 27,000 millionaires in the US. However, the dollar had decreased from its soaring rates of the forties and stood
alone at its actual worth of one US dollar. (Today, one 1949 dollar is equal to $12.47)
John Davison. Rockefeller was worth $1.4 billion when he died in 1937, Cornelius Vanderbilt I's worth was $100 million upon
his death in 1870. There were many others who had attained vast riches through diverse means, but what caught my eye was
the lackadaisical manner McMahon -and Nichols, mentions the use of 'billions' being frittered away on atomic testing.
Most of the public -if not 95%, grew up believing millionaires were scarce and it wasn't until recently in the early 2000s that the
word 'billionaire' became common parlance when speaking of the celebrity circuit and commerce. Somone being a billionaire
was beyond my imagination during the seventies, eighties and even nineties, a perception primarliy carved by the mainstream
media.
With the advent of the computer industry, overnight millionaires were spoken about and the top-slot of being a billionaire was
exclusively held by Bill Gates as far as the same fourth estate were concerned. But what surprised me was the casual use of
the word!
![[Image: attachment.php?aid=334]](https://rogue-nation.com/mybb/attachment.php?aid=334)
does raise an issue many today fail to understand. The income of the average family was $3,100 in 1949 and by 1953,
there were 27,000 millionaires in the US. However, the dollar had decreased from its soaring rates of the forties and stood
alone at its actual worth of one US dollar. (Today, one 1949 dollar is equal to $12.47)
John Davison. Rockefeller was worth $1.4 billion when he died in 1937, Cornelius Vanderbilt I's worth was $100 million upon
his death in 1870. There were many others who had attained vast riches through diverse means, but what caught my eye was
the lackadaisical manner McMahon -and Nichols, mentions the use of 'billions' being frittered away on atomic testing.
Most of the public -if not 95%, grew up believing millionaires were scarce and it wasn't until recently in the early 2000s that the
word 'billionaire' became common parlance when speaking of the celebrity circuit and commerce. Somone being a billionaire
was beyond my imagination during the seventies, eighties and even nineties, a perception primarliy carved by the mainstream
media.
With the advent of the computer industry, overnight millionaires were spoken about and the top-slot of being a billionaire was
exclusively held by Bill Gates as far as the same fourth estate were concerned. But what surprised me was the casual use of
the word!
Read The TV Guide, yer' don't need a TV.