What Happened in 1958 Important News and Events, Key Technology and Popular Culture Cost of Living 1958. ... 1958. ... United States - NASA Created. ... The U.S. launches the Explorer 1 satellite. ... Egypt and Syria. ... Soviet Union -- Sputnik 3 Launched. ... USA -- USS Nautilus Reaches North Pole. ... Brussels World's Fair.
Economic growth can reduce poverty by doing all of the above. Growth benefits all aspects of society--public and private--and often occurs in areas where there is lots of competition.
