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HEADLINES ON February 5, 1930
Full News Archive
- Headline: Rockefeller's Generosity to Young Pianist. Impact: This seemingly innocuous act of kindness set off a chain reaction where wealthy benefactors started giving flowers instead of cash. Fast forward a few decades, and flower delivery services became the backbone of modern romantic gestures, distracting men from actually having to remember anniversaries.. Fact: Flowers have been used as currency in some cultures. So, in a way, this was Rockefeller's way of investing in a budding talent... literally..
- Headline: Will Rogers and Naval Conference History. Impact: Will Rogers' offer to write a brief history resulted in an avalanche of people thinking they could summarize complex events in a tweet. Congratulations, Twitter; you owe it all to Will's casual confidence!. Fact: Will Rogers was known for his wit and wisdom, but itβs safe to say that a 'brief history' from him was likely still longer than most politicians' actual attention spans..
- Headline: Long Beach Vote Case Jury Deliberation Begins. Impact: The defense's choice to call character witnesses led to the birth of the phrase 'character matters,' which, ironically, is still debated in every election cycle since. Thanks, Long Beach, for the eternal struggle!. Fact: Calling five character witnesses is like inviting five friends to your party to prove you're fun. Spoiler: it doesn't always work..
- Headline: $16,189,781 WAGERED AT PIMLICO TRACK; Led the Four Maryland Courses in Money Handled, Commission's Annual Report Shows.$13,209,016 BET AT BOWIE Total for the State Was $54,419,686 --General Admissions Paid atthe Tracks Were $1,067,617.. Impact: This betting frenzy led to the creation of the world's first gambling addiction support groups, which ironically were funded by the very bets that caused the issues. Talk about funding your own downfall!. Fact: If you think $16 million is a lot, just wait until you see the budget for the annual 'Who Can Lose Their Money Faster' competitionβcoming soon to a racetrack near you!.
- Headline: Warden Jennings's Action.. Impact: Warden Jennings' actions during the Auburn Prison riot led to changes in prison policies, which eventually sparked a nationwide conversation about prison reform. Who knew chaos could pave the way for change?. Fact: Riots often serve as a catalyst for change, though it would be nice if we could find a less dramatic method. Maybe a group therapy session next time?.
- Headline: TEN UP FOR DIRECTORS OF ASSOCIATED PRESS. Impact: The nomination of ten new directors led to an unprecedented shift in media bias, as people started realizing that not all news is created equal... although they still pretend it is.. Fact: Being a director at the Associated Press is like being the captain of a ship full of journalistsβgood luck steering that vessel through the stormy seas of public opinion!.
- Headline: Actresses Win Over Albany Legislators To Repeal of Theatre Arrest Provision. Impact: This victory for actresses not only led to more freedom in the arts but also inspired future generations to fight for their rights, proving that sometimes a little drama can change the worldβjust not the way they planned it.. Fact: Actresses fighting for their rights sounds like the plot of a soap opera, but it's real life! Next up: a musical about it, because why not?.
- Headline: MILLS CONFIDENT OF TRADE RECOVERY; Business Recession Soon Will Be Passed, Treasury Official Tells Publishers Here. REVIEWS 10-YEAR PROGRESS Calls It "First Decade of a New Era"--Sees Order Re-established Throughout World. Text of His Address. MILLS CONFIDENT OF TRADE RECOVERY Reviews Decade's Progress. Recalls 1921 Conditions. Sees Order Restored Now. Europe Shows Recovery. Lauds Poincare on Finances. Discusses Peace Movement. A Decade of Recovery Here. Finds Some Industries Lag. Views Future With Confidence. List of Dinner Guests.. Impact: Mills' overconfidence paved the way for future economists to write books on how NOT to predict economic recovery, becoming the ultimate cautionary tale for generations of aspiring financial gurus.. Fact: Millsβ optimism was so infectious that it could probably cure a recessionβif only it worked that way in real life. Can we get a refund on that confidence?.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1930, it would be worth $3,433,940 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1930, it would be worth $586,657 today (586.7x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1930, it would be worth $474,913 today (474.9x return)