Breakthroughs and everyday innovations from the year.
HEADLINES ON June 12, 1930
Full News Archive
- Headline: Clergy Unite Against Church-State Politics. Impact: By stepping away from politics, the clergy inadvertently paved the way for the rise of the modern-day influencer, as they left a gap for social media-savvy individuals to fill in with their own brand of spirituality.. Fact: If only the clergy had embraced social media, they could have gone viral with #Blessed and #DivineIntervention..
- Headline: Strassburger's Protest on Treaty Secrecy. Impact: This protest against secrecy set the stage for a future where everyone would be demanding transparency, leading to countless reality TV shows where people aired their dirty laundry for all to see.. Fact: R.B. Strassburger's protest is still echoed today, although now it’s usually just about who ate the last slice of pizza in the break room..
- Headline: WILL INCREASE PLANE FARES; T.A.T.-Maddux Lines to Raise Charges 5 to 7c a Mile Sunday.. Impact: This fare increase might have seemed trivial, but it sparked a worldwide trend of people deciding to walk instead of fly. Who knew that a mere price hike could lead to the rise of fitness apps?. Fact: Airlines today are still trying to figure out how to charge you for breathing their air. Truly, the spirit of innovation never dies..
- Headline: SAYS WORKERS GET 57% OF OUR INCOME; I.W. Brown Tells Advertising Club New Social Ideas Have Developed Here Since War. SEES EDUCATIONAL GAINS Charles E. Murphy Is Installed as President--Retiring Head Gets Autograph of Franklin.. Impact: This revelation about income distribution inspired countless economists to write papers, resulting in a never-ending cycle of debates that still bore the unfortunate souls stuck in the audience.. Fact: Charles E. Murphy probably had no idea that his retirement gift would be the never-ending headache of economic theory for generations to come..
- Headline: GERMANS WOULD CUT ALL EXPORT PRICES; Paris Hears 10 Per Cent Slash Is Planned, Backed by Lower Wages and Cheaper Coal. STRATEGY HELD BRILLIANT New Markets Gained in Period of Depression Might Well Repay Efforts Later.. Impact: Germans slashing prices may have seemed like a strategy, but it inadvertently led to everyone starting their own discount stores, ushering in the era of bargain hunting and coupon clippers.. Fact: Of course, the brilliant strategy of cutting prices only made the phrase 'cheap labor' a new buzzword in corporate boardrooms everywhere..
- Headline: SMOOT FEELS SURE OF THE TARIFF BILL; Tells Senate So as Harrison Scoffs at Pennsylvanians Voting "No." SARCASTIC ABOUT GRUNDY Senator Reed Calls on Hoover --Will Make Known Today His Position on Bill. Mellon Reported to Be for Bill. SMOOT FEELS SURE OF THE TARIFF BILL Some Remarks About Grundy. Not Sure About Hoover Signing. Smoot "Sure" of Majority Favor. "$1,000,000,000 Burden" Predicted.. Impact: Smoot’s unwavering optimism about the tariff bill led to a series of economic decisions that would confuse future generations, resulting in more 'what were they thinking?' moments in history.. Fact: Senator Reed's sarcasm was probably the only thing keeping the Senate from turning into a full-blown sitcom..
- Headline: Rockefeller Adds to Holdings In West Fifty-third Street. Impact: Rockefeller's real estate ventures inadvertently influenced future generations of investors, leading to the birth of 'house-flipping' reality TV shows that we know and tolerate today.. Fact: Acquiring a house on West 53rd Street sounds fancy, but if he only knew it would become a hotspot for overpriced lattes and artisanal avocado toast!.
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)