When 18-year-old Elizabeth 'Sis' Hamilton went to work for Tri-City Telco Credit Union (now Summit) in 1943, the world was at war and credit unions were on the rise. Here's a look back at some key events taking place in 1943.
|The Mills Brothers scored the number one hit in the country in 1943 with the song Paper Doll. Click here to see 1943's biggest hits.
The US & World at War
|The Sant'Ambrogio Basilica in Milan following a bombing raid by the Allied Forces. Italy would surrender in late 1943.
Notable Events in the US
|Actor Jimmy Cagney won the Best Actor Award at the 15th Annual Academy Awards in March.
- Average salary of a US worker: $2,000 per year.
- Average cost of a new house: $3,600.
- Purchasing power of $500: $6,727.54 (2013 dollars).
- Cost to rent the average house: $40 per month.
- Cost of a gallon of gas: 15 cents.
- Cost of a bottle of Coke: 5 cents.
- Average new car price: $900.**
** New car production was suspended for the war effort in 1943-44.
1943 Births & Deaths
- Births: Chevy Chase, Robert DeNiro, John Denver, Newt Gingrich, Mick Jagger, Ben Kingsley, Penny Marshall, Joe Namath, Oliver North, Gale Sayers, Christopher Walken, Bob Woodward.
- Deaths: George Washington Carver, Edsel Ford, Bess Houdini, J.P. Morgan, Jr., Beatrix Potter, Nikola Tesla, 'Fats' Waller.
In North Carolina
|Charlotte native Billy Graham marries Ruth Bell and gets his first full time preaching job.
- Charlotte, the state's largest city, had a little more than 100,000 residents.
- The Mt. Olive PIckle Company becomes one of the first US companies to offer employee profit-sharing.
- Greensboro native George Preddy earns the Silver Star for his prowess in 1943 as a WWII flying ace.
- 25-year-old Charlotte native Billy Graham takes his first full-time preaching job in Illinois, and marries Ruth Bell that same year.
- Betsy Marie Dalton of Winston-Salem is crowned the sixth Miss North Carolina.
- Harvey Gantt is born in Charleston. He would later become the first African American to attend Clemson University, and be the first black mayor of Charlotte. He lost two hotly-contested Senate races against Jesse Helms.
- Former Governor Cameron Morrison ("The Good Roads Governor") elected to the US House.
- Lowe's was a privately-owned, single hardware store located in Wilkesboro.
- On May 1st, the first flight leaves the new Raleigh-Durham airport.
- Tom Davis becomes president of the fledgling Piedmont Aviation in Winston-Salem.
- On December 15, Wilmington receives six inches of snow.
NC Credit Unions
- B. Latch Webster, named NCCUL President in 1942, joins the Marines.
- State proposes that the regulator of credit unions be moved from the Department of Agriculture to either the Banking or Insurance Departments. The effort ultimately fails.
- There were 125 affiliated credit unions reported, with more than 50 others choosing not to affiliate with the League.