Breakthroughs and everyday innovations from the year.
HEADLINES ON July 14, 1931
Full News Archive
- Headline: I.C.C. Orders Key Rail Inquiry. Impact: This inquiry led to a series of regulations that eventually resulted in the invention of the modern train whistle. Yes, because nothing says 'Weβre on track' quite like a loud horn that startled unsuspecting cows across America!. Fact: Fun fact: The I.C.C. was like the parental figure of the railroads, constantly checking to see if they were playing nice with their toy trains..
- Headline: Tensions Rise in Lithuania: 1931. Impact: The uneasiness in Lithuania sparked a wave of 'What if?' scenarios that ultimately led to an increase in the production of fidget spinners. Stress relief, apparently, has a long history.. Fact: Lithuania's uneasiness was so contagious that it inspired a new dance move called the 'Worry Waltz'βnot very popular at parties..
- Headline: Henderson's Impact on French Debt Negotiations. Impact: Henderson's visit was so pivotal that it created a ripple effect, leading directly to the invention of the phrase 'Iβll owe you one'βa classic in diplomatic negotiations.. Fact: Henderson's arrival was like a soap operaβeveryone knew drama was coming, but you still had to tune in for the juicy bits..
- Headline: MacDonald Twits Historians For Operating by Hindsight. Impact: MacDonald's jab at historians led to the creation of the 'Hindsight Institute,' where scholars gather to complain about how easy it is to criticize decisions made in the past. Spoiler alert: they still wear glasses.. Fact: Historians, much like fine wine, age wellβwith the added bonus of being able to point out everyone's mistakes from the comfort of their library..
- Headline: Philadelphia Mayor Among Fans Locked Out As 40,000 See Twin Bill of Athletics-Senators. Impact: The mayor being locked out sparked a new trend in politics, where officials began sneaking in through back doorsβbecause who needs transparency when you can have a good game?. Fact: This incident is often cited as the moment when politicians realized that being part of the crowd could be a lot more fun than dealing with actual governance..
- Headline: World-Telegram in Its New Home.. Impact: The World-Telegram settling into its new home triggered a nationwide obsession with real estate among newspapers. Soon, headlines were about housing markets instead of actual news.. Fact: The World-Telegramβs move was so well-publicized that rival newspapers started hiring moving companies as PR firmsβbecause who doesnβt love a good relocation story?.
- Headline: 28 NATIONS AGREE TO LIMIT NARCOTICS; Americans Expect to Join Geneva Pact on Control of Production Later in the Week.ACT SEEN AS A PRECEDENTChairman Calls It Example for Armaments, Another Form ofDangerous Manufacturing.. Impact: This agreement established the foundation for international treaties, which later led to a global consensus that no one can agree on anythingβespecially when it involves actual narcotics.. Fact: Chairmanβs bold claim turned out to be just as relevant for armaments as it was for pizza toppingsβeveryone has an opinion, and theyβre usually loud about it..
Wall Street Time Machine
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1931, it would be worth $586,657 today (586.7x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1931, it would be worth $474,914 today (474.9x return)
GE
General Electric
General Electric - If you invested $1,000 in 1931, it would be worth $487,500 today (487.5x return)