- Steinway & Sons in New York builds 1,451 pianos: 758 uprights and 693 grands.
- The United Piano Workers Union demands a new wage increase. Steinway & Sons management reminds the union leaders that the workers have received the unprecedented 22.5% wage increase in 1941. The union responds by informing the management that the cost of living in the United States has increased by approximately 40% since then.