Right off the bat you did something that I wish more members would do. It would save a lot of guessing and maybe even your life.
You said that you don't know brakes.
Like someone saying I am not a surgeon and then asking how do you sew.
First, before you start spending money.
Find yourself someone who is proficient in brake systems.
Get your self a copy of the Factory Service Manual. I will give you a link for a free download.
Get yourself a book on brake systems. Educate yourself you have an understanding of what is happening.
This is the most important system on any car. If the brakes fail, people can get hurt or die so don't mess around.
Have the entire brake system inspected by a certified brake shop.
Better yet, the car is over 50 years old and has been off the road. Dot 3 brakefluid is hygroscopic. It absorbs water. Water contains oxygen. Oxygen allows oxidation better known as rust.
The corrosion occurs internally. You cannot see it. Here is my recommendation. It is not the cheapest but I value my life, safety and the car too much to try to save a few hundred dollars to risk injury and thousands of dollars in damage/injury.
Start with the Master cylinder and replace your way back. Only use a new Master cylinder, not a rebuilt.
This is the heart of the system and must be totally reliable.
Replace all brake lines . Metal and rubber. Avoid s/s lines as they are difficult to sea/seal against leaks.
All components are available new except for brake system valves, they can be purchased as rebuilt or kits are available if you trust yourself to do it. Use quality parts as they must work. It is always too expensive to go cheap. Think about that.
Service Manuals – MyMopar