Breakthroughs and everyday innovations from the year.
HEADLINES ON September 23, 1930
Full News Archive
- Headline: Major Ship Loans Approved in 1930. Impact: The approval of ship loans allowed Baltimore to thrive briefly, which in turn led to a surge in crab cakes. This would eventually result in the annual crab festival, proving that finance and food can be equally confusing.. Fact: The Maryland crab cake is so famous that it could probably run for office and win..
- Headline: CLASS-WAR TACTICS.. Impact: The mention of class-war tactics sparked debates that echoed through the decades, culminating in the rise of social media influencers claiming to be 'working class' while sipping lattes in their penthouses.. Fact: Class warfare has been around so long that it should probably have its own reality TV show by now..
- Headline: OUTLAWING ALL WAR DEBATED AT GENEVA; Task of Harmonizing Covenant With Kellogg Pact Promises to Be Arduous One. FIVE AMENDMENTS FRAMED Minorities Question Up for Second Time in Week--Briand Smooths Over a Sharp Clash. None Would Appear to Disagree. Minorities Question Up Again. Briand Urges Adaptation.. Impact: The debate in Geneva about outlawing war was like trying to teach cats to swimβnoble in theory but ultimately pointless. This would eventually lead to the formation of the 'We're Serious, This Time!' league.. Fact: Ironically, the more they debated about peace, the more wars seemed to pop up like weeds in a garden..
- Headline: WIDENS INSPECTORS' DUTIES; Deegan Instructs Tenement Men to Report All Law Violations.. Impact: Deegan's order to widen inspectors' duties led to the birth of countless 'snitches' who discovered that reporting violations could be a part-time job. This sparked a new trend in 'neighborhood watch' programs, complete with lawn signs.. Fact: The only thing worse than being reported for a violation is being reported by a neighbor who thinks their pet chicken is a violation..
- Headline: BASIS OF TAXATION.; Benefits Received Better Yardstick Than Ability to Pay.. Impact: O Merrihewβs idea to base taxation on benefits rather than income created a ripple effect, leading to a future where everyone could speculate wildly about what benefits they should be receivingβlike free Wi-Fi everywhere.. Fact: If taxation were based on how much we complain about taxes, we'd all be millionaires..
- Headline: TRUTHS FOR BUSINESS MEN.. Impact: The 'Truths for Business Men' opened a can of worms regarding what constitutes a 'truth' in business, eventually leading to the modern art of corporate speak that leaves everyone confused.. Fact: Businessmen have been spinning truths since the dawn of time; it's practically an Olympic sport now..
- Headline: Schwab Indicates Expansion Of Bethlehem Steel Company. Impact: Schwab's indication of expansion at Bethlehem Steel hinted at an industrial boom, which would eventually lead to more steel than anyone knew what to do withβexcept maybe build more bridges that no one would cross.. Fact: If you stacked all the steel Schwab produced, you could probably reach the moon... or at least several local construction sites..
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)