Breakthroughs and everyday innovations from the year.
HEADLINES ON December 22, 1930
Full News Archive
- Headline: Legends and Ashes: A 1930 Controversy. Impact: If only Janin had kept his mouth shut, the ashes could have been a nice conversation starter at parties instead of triggering a centuries-long debate over the authenticity of legends. Who knew a little dust could stir up such a whirlwind of folklore?. Fact: Legends are basically the ancient version of 'I heard it from a friend who heard it from a friend.'.
- Headline: Rykoff's Ousting Marks Stalin's Ascendancy. Impact: Rykoff's exit led to a power vacuum that Stalin eagerly filled, setting the stage for a series of purges that would make any reality TV show look like a tea party. Thanks to this, future dictators learned that sometimes, a clean sweep means more than just tidying up.. Fact: In Soviet politics, getting expelled was basically the equivalent of being voted off the islandβexcept the island was a country and the stakes were life and death..
- Headline: ARREST CAMPBELL IN DENVER HOTEL; New York Detectives Find Stock Promoter Who Disappeared Here in August. ABOUT TO OPEN OFFICES Seller of Alleged Fraudulent Securities Was Going Under Nameof Charles W. Best. Enjoined by Judge Faber.. Impact: Campbell's arrest set off a domino effect in the shady world of stock promotion, leading to a temporary decline in confidence that would eventually help shape the regulations we love to resent today. Itβs amazing how one guy's bad decisions ripple through time like a rock thrown in a pond.. Fact: Fraudulent securities are basically the financial equivalent of a 'get rich quick' scheme. Spoiler alert: they usually end with someone getting arrested..
- Headline: IGNORING OF NEEDY DENIED.; Postmaster at Orange, N.J., Replies to Report Students Get Preference.. Impact: The denial from the postmaster may have made waves in Orange, but it also set a precedent for future public officials to insist on their innocence while ignoring the obvious. Itβs like saying, 'I didnβt eat the cake' while frosting is smeared all over your face.. Fact: In a world full of needy people, sometimes it's the postmaster who just wants to be liked. Spoiler: it rarely works out..
- Headline: HOLDS OUR PROSPERITY WAS BAR TO RELIGION; Dr. Sockman Calls Us Spoiled Children and Sees Adversity Bringing Us to the Truth.. Impact: Dr. Sockman's claims that prosperity hinders spirituality created a ripple effect of guilt that has haunted wealthier societies ever since. Thanks to him, the rich now have to grapple with their moral dilemmas over brunch.. Fact: Prosperity and spirituality are often seen as oil and waterβone's a slippery slope, while the other is just a slippery subject..
- Headline: CAUGHT AS GUNMAN AFTER 4-YEAR HUNT; Suspect Brought From Chicago as Last of Gang That Introduced Machine Guns Here. HELD IN $75,000 ROBBERY Isidor Alderman Is Linked to Robert Berg, Who Killed Himself When Tombs Break Was Foiled.. Impact: Alderman's capture marked the end of an era for organized crime, but it also paved the way for the rise of even more elaborate heists and a fascination with criminals that endures to this day. Itβs almost like crime shows owe him a thank you card.. Fact: The introduction of machine guns into crime scenes escalated thefts from petty to 'why did they think this was a good idea?' levels..
- Headline: HOOVER PROPOSES EXTRA SESSION CHECK; Confers With Moses on Passage of "Continuing Resolution" if Need Arises. THIS WOULD RENEW FUNDS Legislation Passed in 18 Days Exceeded That of Similar Period for Years. Could Be Subjected to Filibuster. HOOVER PROPOSES EXTRA SESSION CURB Legislation Put Through Speedily. Alarmed by Senate Jam.. Impact: Hoover's proposal for an extra session check turned out to be a band-aid on a gushing legislative wound, setting a precedent for future politicians to propose quick fixes that rarely hold up. The Senate jam? Still a problem, despite the extra session.. Fact: In politics, an 'extra session' is basically code for 'let's try to fix our mess before anyone notices how bad it really is.' Spoiler: it rarely works..
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)