Matecun Thomas & Olson PLC - June 2020

A Look Back in Time 3 BIG DAYS IN JUNE 1949

In 1949, the world was still recovering from the aftermath ofWorldWar II. It was a busy year, to say the least. In June of 1949, there were three days in a row of particular significance. Take a look:

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On June 8, George Orwell’s “Nineteen Eighty-Four: A Novel” was published for the first time in the U.K. It was published a few days later on June 13 in the U.S. The book has long been divisive and has even been banned in libraries and communities around the world. Orwell’s novel introduced readers to numerous terms such as “Big Brother” and “thought police.” The dystopian classic and its many ideas have become deeply ingrained in popular culture.

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The next day, on June 9 , politics became heated in Lausanne, Switzerland. There, the Lausanne Conference of 1949 was in full swing. The conference, which took place between April and Sept. 1949,

included representatives fromEgypt, Israel, Jordan, Lebanon, and Syria as part of the UnitedNations Conciliation Commission for Palestine (UNCCP). The conference was called to help deal with the fallout from the creation of the State of Israel in 1948, which led to a number of conflicts, including the 1948 Arab-IsraeliWar. The war resulted in the expulsion of over 700,000

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Palestinians from the region. In June 1949, the U.S. suggested Israel should concede some of the land they had taken and to return it to Palestinian refugees. The hope was to break a stalemate in talks between the Israelis and the Arab states. Israel wasn’t interested in the concession. On June 10 , automobile designer and entrepreneur Preston Tucker was indicted by a federal grand jury for fraud. He was indicted along with seven others from the Tucker Corporation, a company that had hoped to take on the “Big Three” Detroit automakers—General Motors, Ford, and Chrysler.

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The indictment came after Tucker and his company promised certain features on their automobiles but failed to deliver on any of them. They had taken investor money and had nothing to show for it. Dealerships filed lawsuits and the Securities and Exchange Commission stepped in to investigate, which led to the indictments and, ultimately, the end of the Tucker Corporation.

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