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The first nuclear-powered submarine, the USS Nautilus, is launched in Groton, Connecticut, by First Lady of the United States Mamie Eisenhower

The Boeing 707 is released after about two years of development

In 1954:

1954 Sports Illustrated

The first issue of Sports Illustrated magazine is published in the United States

Inventions in 1954

34th President: Dwight D. Eisenhower
January 20th 1953 - January 20th 1961
Republican

The average house cost $19,499
Equivalent today: $158,722

The average car cost $1,700
Equivalent today: $13,838

The average wage was $3,156
Equivalent today: $25,690

1954 Cadillac Fleetwood

1954 Regency TR-1

Texas Instruments TR-1 by the Regency Division of I.D.E.A was the first practical transistor radio. It cost $49.95

Photo: Luc106