In 1958 my parents bought me a (made in Chicago, IL) Schwinn bicycle to use while delivering "The Indianapolis News".
I know it was financially stressful for them to buy the bike... I heard Mom and Dad talking about it.
It cost $70.
Yesterday Sara Jean and I went shopping for a bicycle to give as a Christmas/Birthday gift for one of our neighbor's kids.
We ended up purchasing her a Schwinn. I was surprised at the low price. I was also surprised at the "Made in China" label.
No bike in the store was made in the U.S..