Breakthroughs and everyday innovations from the year.
HEADLINES ON January 29, 1931
Full News Archive
- Headline: Baruch Joins Blackwood's Team. Impact: This appointment led to a series of events where Baruch's advice on economic matters eventually inspired the invention of the modern-day 'executive assistant' - a role often mistaken for a coffee-fetcher.. Fact: Did you know that being named to a political staff can sometimes lead to a lifetime of endless meetings? Congratulations, Mr. Baruch!.
- Headline: West Virginia Banks Fail in 1931 Crisis. Impact: The failure of these banks triggered a community-wide panic that inadvertently led to the invention of the first piggy bank, because who trusted banks after that?. Fact: Fun fact: the phrase 'money doesn't grow on trees' was likely coined shortly after this incident, as people scrambled to find alternatives to banks..
- Headline: Upholds Pay Cut at Winchester Arms. Impact: The upheld pay cut at Winchester Arms resulted in a mass exodus of skilled workers, inadvertently leading to the rise of the hobbyist gunsmith who thought, 'How hard can it be?' Spoiler alert: very hard.. Fact: Did you know that when pay cuts happen, people often think about alternatives - like moving to a deserted island? Just a thought!.
- Headline: MORE BURIAL RELICS DUG UP IN PALESTINE; Big Sarcophagus Is Unearthed Near Site of Lost City in Jerusalem's Vicinity.. Impact: This discovery led to countless treasure hunters roaming the area, which ultimately resulted in a reality TV show featuring the most absurd relic hunters. Who knew history could be so entertaining?. Fact: Fun fact: Ancient sarcophagi often contained more treasure than modern banks, which might explain the rush to dig them up!.
- Headline: LABOR TROUBLE GROWS IN THE PHILIPPINES; Oil Company Laborers' Strike Threatened in Manila--Unions Back Other Walkouts.. Impact: The labor unrest sparked a chain reaction that eventually led to the phrase 'worker's rights' being uttered in coffee shops worldwide, while baristas secretly plotted their own walkout.. Fact: Did you know that the only thing more persistent than a labor strike is the coffee addiction of union members? Just saying..
- Headline: LUTHERANS UNITE MISSIONS; Eight Synods and Churches Form Council for Home Work.. Impact: This unity among the synods led to a massive increase in potlucks, which may or may not have been the original intent of the meetings.. Fact: Did you know that potluck dinners have single-handedly saved many church budgets? Just think of all the casserole dishes!.
- Headline: NEW AIR LINE ORGANIZED.; New England and Western to Resume Service to Boston.. Impact: The resurrection of this air line caused a ripple through time, resulting in the first 'frequent flyer' programs and, eventually, the frustration of everyone trying to board a plane.. Fact: Did you know that the only thing more turbulent than flights is the process of getting through security? Welcome to air travel!.
- Headline: AWARDS SCHOOL CONTRACT.; Board Accepts $606,505 Bid for Continuation Building in Bronx.. Impact: This contract award led to the eventual construction of buildings that would become so iconic that future generations would argue over their architectural significance... while avoiding the homework they assigned.. Fact: Did you know that school contracts often cost more than your average house? Ah, the price of education!.
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)