FEBRUARY 20, 1932

Full News Archive

• Headline: Inflation of Securities in 1932. Impact: The recommendation to inflate securities instead of currency inadvertently led to the creation of modern-day cryptocurrency—because who needs stability when you can have digital chaos?. Fact: Inflation of securities is like giving your money a gym membership—it can get really buff, but it might also just disappear into thin air!.
• Headline: Coxey Advocates for Full Pay in 1932. Impact: Coxey’s self-comparison to Walker sparked a trend of politicians likening themselves to historical figures, eventually leading to modern-day politicians claiming they are the reincarnation of everyone from Alexander the Great to Abraham Lincoln. Spoiler alert: They’re not.. Fact: This is the first time in history where a politician has leveraged their 'advertising value.' What next, a selfie with the founding fathers?.
• Headline: ASK HOOVER TO ACT IN NARCOTICS WAR; Associations Urge Him to Seek Ratification of the Geneva Compact by Nations. HOBSON ACCUSES LEAGUE Drug Producers Have Controlled the Council, He Says -- Gen. Booth Tells How Idle Are Made Addicts.. Impact: Hoover's involvement in the narcotics war set off a series of political debates that would eventually lead to the creation of the War on Drugs, which, spoiler alert, didn't quite end the way anyone hoped.. Fact: General Booth's comments about addiction highlight a timeless truth: people have always found ways to avoid responsibilities, whether through substances or Netflix binges..
• Headline: LINKS DELINQUENCY TO HOME JEALOUSY; Dr. H.W. Newell Says Child Offenders Are Often Aroused by Favoritism. COMMANDING' IS CRITICIZED Reasoning With Children Is Urged at the Orthopsychiatrists' Con- vention in Baltimore.. Impact: Dr. Newell’s theory linking delinquency to home jealousy inspired a generation of parents to overcompensate for favoritism, ultimately leading to the rise of helicopter parenting. Thanks, Dr. Newell!. Fact: It's amazing how favoritism can lead to delinquency—who knew that the secret to raising a perfect child was just not playing favorites? But hey, try telling that to a parent!.
• Headline: BANK CREDIT BILL PASSED BY SENATE; Time Limit for Loans and New Currency Collateral Is Ex- tended to Two Years. $2,000,000 BANKS INCLUDED Measure Goes to Conference With House, Where Swift Agreement Is Expected. BANK CREDIT BILL PASSED BY SENATE. Impact: The passing of the bank credit bill began a trend of financial regulation that would lead to economic roller coasters, eventually making the phrase 'too big to fail' a household name—because who doesn't love a good financial crisis?. Fact: This bill’s passage was like giving a toddler the keys to a candy store—everyone knew it was a bad idea, but they did it anyway..
• Headline: fflISS M1BERRY ENGAGED TO WED; Montclair (N. J.) Girl's Be- trothal to George C. Whiteley Jr. Announced by Her Parents. SHE WAS DRAMA STUDENT Her Fiance Is Doing Research Work In Newfoundland for the British Government.. Impact: Miss M1Berry’s engagement to George C. Whiteley Jr. set off a chain of romantic events that would lead to an increase in wedding-themed reality shows decades later. Because nothing says true love like televised drama.. Fact: Engagements are the perfect excuse to throw lavish parties and spend money on things you don't need. Just wait until the wedding planning begins!.
• Headline: 45-Year-Old Will Filed Up-State.. Impact: The filing of a 45-year-old will set off a series of family feuds that would inspire countless television dramas. In short, it’s proof that no good deed goes unpunished, especially when money is involved.. Fact: This will's filing is a reminder that even in death, some people still manage to cause drama. It’s basically the afterlife version of a reality show!.