In 1958, Jack Kilby of Texas Instruments invented a version of the integrated circuit. Subsequently, Dallas became regarded as a center for high-technology manufacturing. With the growth of companies like Texas Instruments and LTV Corporation, Dallas became the nation's third-largest technology center during the 1950s and 1960s. The Dallas Market Center, the largest wholesale trade complex in the world was built in 1957. On November 22, 1963, President John F. Kennedy was assassinated in Dealy Plaza in downtown Dallas. Lee Harvey Oswald shot Kennedy from the upper two floors of the Texas School Book Depository Building. The building has since been converted into a historical museum commemorating the former president's life and accomplishments.
Dallas experienced a "building boom" in the late 1970s and 1980s. During this time, the distinctive Dallas skyline was produced and created a contemporary profile for the downtown area. Dallas continued to be a center for baking and business and began to benefit from another technology boom created by the growing computer and telecom industries. In 1983, the Dallas Area Rapid Transit (DART) was built and became the city's primary public transportation system.
Between the mid-1980s to 2005, no highrise structures were built within the downtown freeway loop of Dallas. As a result of over-speculating and overbuilding in combination with the Savings and Loan crisis, the city of Dallas was nearly destroyed economically. During this time, the print industry collapsed, leaving Dallas with only one major newspaper, the Dallas Morning News, to cover Dallas news.
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