Breakthroughs and everyday innovations from the year.
HEADLINES ON December 17, 1931
Full News Archive
- Headline: Ford's Rehabilitation Initiative for Workers. Impact: This initiative inadvertently inspired a generation of DIY enthusiasts who believed that with enough willpower and a waffle iron, one could solve all of life's problems. Fast forward a few decades, and suddenly everyone is trying to make sushi in a toaster.. Fact: Did you know that Ford's idea of rehabilitation didnβt include actually teaching people how to cook? Guess they were expecting a lot of waffle-themed miracle workers..
- Headline: Rudyard Kipling First Edition Sold. Impact: This sale set off a chain reaction in the book world, leading to the misguided belief that all dusty tomes in attics were suddenly priceless artifacts, resulting in more 'antique roadshows' than anyone could handle.. Fact: Did you know that if you paid $550 for a book, it better come with a free time machine? Otherwise, you're just buying the past..
- Headline: POLICE GUARD CLERGY AT EDISON PAY OFFICE; Labor Sympathizers Hand Out Union's Appeal to Employes Without Molestation.. Impact: This event sparked the first thoughts of 'hey, maybe we should actually listen to clergymen and union workers about their needs,' leading to an era where people started realizing that shouting in a boardroom isn't the same as effective communication.. Fact: Did you know that this was one of the few times clergy and workers actually got along? Itβs a miracle they didnβt form a rock band right then and there..
- Headline: URUGUAYANS OFFER PLAN.; Argentines and Brazilians Consider Trade Suggestions.. Impact: This diplomatic attempt (or βfriendly dinner party gone wrongβ) paved the way for future trade agreements, which ultimately led to the invention of the international shipping container. So, thanks, Uruguay, for my Amazon Prime addiction!. Fact: Did you know that this was the start of a long history of countries deciding that arguing over trade was much easier than, you know, actually getting along?.
- Headline: Dies In Fall From Bridge to Street.. Impact: A tragic reminder of the risks of urban living and the often overlooked safety regulations of the time. This incident may have prompted local governments to rethink bridge safety, indirectly influencing future infrastructure policies.. Fact: While this is a somber event, itβs worth noting that it led to a deeper conversation about urban safety that continues to echo through town halls today..
- Headline: REDUCE PRICES OF OIL.; Purchasers Lower Pennsylvania Grades 95 Cents a Barrel.. Impact: This price drop triggered a frenzy of speculation about 'what's next,' leading to a century-long obsession with fluctuating oil pricesβbecause who doesnβt love a good rollercoaster ride with their gas bill?. Fact: Did you know that when oil prices drop, people suddenly act like theyβre millionaires? Spoiler: Theyβre not..
- Headline: Princeton K. of C. Mark 25th Year.. Impact: This anniversary celebration inspired countless other organizations to hold their own 'letβs celebrate our existence' parties, marking the beginning of the 'anniversary culture' that plagues social calendars to this day.. Fact: Did you know that 25 years is only a quarter of a century? So technically, they should have just thrown a quarter on the table and called it a day..
- Headline: WARNS OVER PENSION FUND; Jersey Actuary Says Police and Fire Benefits Exceed Revenues.. Impact: This warning set off alarm bells that led to increased scrutiny of pension funds, ultimately creating a culture of distrust that laid the groundwork for future financial scandals. Thanks for keeping us on our toes, actuaries!. Fact: Did you know that actuaries are basically the financial equivalent of weathermen? Sometimes they get it right, but usually, weβre just left with cloudy expectations..
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)