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HEADLINES ON October 26, 1930
Full News Archive
- Headline: Russell Sage Annex Construction Begins. Impact: The construction of the Russell Sage Annex was the start of a real estate boom that eventually resulted in New York City resembling a giant Jenga tower. One more block and it all might come tumbling down!. Fact: This building was meant to be an extension, but itβs also a great metaphor for how urban planners keep piling on until everything becomes a chaotic mess..
- Headline: Missing Boy Writes, Defying Capture. Impact: A missing boy defiantly writing about his capture sparked an entire genre of literature where protagonists escape danger, making us all feel like we might survive a horror movie if we just write a best-selling novel.. Fact: This boy probably had no idea he was setting a precedent for all the dramatic 'survival' stories that would follow. Talk about pressure!.
- Headline: MRS. HALE FILES APPEAL TO GET NAME ON BALLOT; Counsel Attacks Section of the Election Law Regarding County Names on Petition.. Impact: Mrs. Haleβs pursuit of getting her name on the ballot led to more women fighting for political representation, eventually leading to the phrase 'You go, girl!' echoing through the halls of power.. Fact: Every time someone files an appeal, somewhere a lawyer gets their wings. Or at least a decent paycheck..
- Headline: A Review of the Stock Market's Behavior During the Last Twelve Months--A Discussion of the Causes of the Decline--A Survey of Business Cycles Over the Course of Seventy Years, Showing the Duration of Previous Periods of Depression and Expansion; The Market a Year After. I--THE STATISTICAL RECORD. New Lows Reached. Prices in Retrospect. The Reversal in June. II--CAUSES AND CYCLES. Contrast With Other Bad Years. Duration of the Cycles. Depressions of Other Years.. Impact: The stock market review that emphasized cycles of depression and expansion became a go-to handbook for investors who want to freak themselves out on a regular basis. Thanks for the anxiety!. Fact: The stock market has been like a roller coaster since its inceptionβexcept it's a roller coaster that occasionally crashes and burns..
- Headline: More State Realty Licenses.. Impact: The push for more state realty licenses led to the bureaucratic nightmare we have today, where buying a house involves more paperwork than launching a space shuttle.. Fact: Realtors need licenses to sell houses, but anyone can run for office. Talk about priorities!.
- Headline: UPTOWN SKYLINES BEING TRANSFORMED; Towering Buildings Are Spreading Ever Northward AlongEast and West Sides.LARGE ADDITIONS PLANNED Central Park, Already a CanyonFloor, to Be Hemmed inStill Further. Latest Matured Plans. Addition to Sixth Avenue.. Impact: Transforming uptown skylines set the stage for modern cities where buildings fight for attention like theyβre in a high-stakes game of 'who's taller', leading to urban landscapes that look like an architect's fever dream.. Fact: Central Park may be hemmed in, but at least the buildings are getting taller. Who needs nature when you can have concrete?.
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)