August 06

Events - Economy & Industry

1956day.year

After going bankrupt in 1955, the American broadcaster DuMont Television Network makes its final broadcast, a boxing match from St. Nicholas Arena in New York in the Boxing from St. Nicholas Arena series.

In 1956, the DuMont Television Network, one of America’s earliest TV broadcasters, aired its final program before ceasing operations.
The DuMont Television Network was a pioneer in American television, launching in 1946. Facing financial struggles and stiff competition from NBC and CBS, DuMont declared bankruptcy in 1955. On August 6, 1956, it delivered its final broadcast—a live boxing match from New York’s St. Nicholas Arena. This last program marked the end of DuMont’s decade-long influence on early TV programming. Despite innovative shows like 'Captain Video,' the network could not secure enough affiliate stations or advertising revenue. DuMont’s dissolution reshaped the broadcasting landscape and consolidated power among the remaining networks. Its legacy persists in discussions of media history and the evolution of television.
1956 1955 DuMont Television Network St. Nicholas Arena Boxing from St. Nicholas Arena
1960day.year

Cuban Revolution: Cuba nationalizes American and foreign-owned property in the nation.

In 1960, Cuba nationalized American and foreign-owned property, a defining move of the Cuban Revolution that escalated tensions with the United States.
After Fidel Castro’s revolutionary forces ousted Fulgencio Batista in 1959, Cuba embarked on sweeping social and economic reforms. On August 6, 1960, the government enacted decrees expropriating foreign and U.S.-owned enterprises, including oil refineries and sugar mills. The nationalization aimed to redistribute wealth, fund health and education programs, and assert economic sovereignty. The United States responded with economic sanctions and an embargo, deepening Cold War hostilities. Cuba then strengthened ties with the Soviet Union, accelerating its shift toward a centrally planned economy. This bold action redefined Cuba’s international alliances and became a cornerstone of its revolutionary legacy. Nationalization remains a pivotal moment in Cuba’s postwar history.
1960 Cuban Revolution Cuba