Everyone here is giving you good advice, and you should follow it as best as you can. With that being said, you'll want to get yourself a ruler, some string, possibly a calculator, and stay by your computer in case you need to research some figures. Whenever you're about to start messing around with non-stock and non-standard parts on your bike, you'll want to
measure everything you've got. If you're planning to get something that you don't have yet, do some googling and find out the measurements
before you buy or seek out anything specific. And, remember: if you're trying to decide if a wheel of a different size will fit, you'll want to add
half of the wheel's diameter (280mm for a 26" ballooner wheel) to the nominal width of the tire (@55mm for most 2.125" tires) and compare that to the distance between your dropouts (where the hub axle mounts) and the bridges (if there are any) between both the seatstays and the chainstays. You'll also want to measure the distance between the seat- and chainstays at about 280mm (in the case of a 26" wheel) to see if there is lateral clearance for the tire you're running. If you don't know what any of these things are, check out
http://www.webmountainbike.com/bikil.html . There are a lot of diagrams like that, but that one seems thorough.
FWIW, most tires claiming to be 55mm are going to be smaller than that, depending on the rim you're running. (Conversely, skinny road tires tend to be fatter than the advertised size.)
Also, please do go to online forums like this and ask questions. That way, you'll know that there are several different sizes of "one inch" headsets and stems, and several different threadcounts (or tpi) for bottom brackets, hub axles, one-piece cranks, and headsets, etc. It's frustrating to buy or trade for a 1" stem for your 1" bike, to find that the stem will need to be modified....
But, yes. Measure stuff a lot. Inspect threads on anything that is old or threaded, and try. Beware of anything French and bike-related. Read up on old bike stuff at
sheldonbrown.com. You will always run into some issues, but a little bit of research can prevent headaches.
hth
-rob