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HEADLINES ON February 28, 1931
Full News Archive
- Headline: Utility Welfare Plan Financial Report. Impact: The welfare plan's hefty payout caused a sudden spike in people suddenly 'needing help', leading to a nationwide conversation about the importance of a safety net, which eventually inspired a reality TV show about welfare recipients and their fabulous lifestyles.. Fact: In 1930, $446,585 could buy you a small countryβ¦ or a decent-sized yacht. Spoiler alert: they didnβt buy a yacht..
- Headline: Philadelphia Club Liquor Raid Controversy. Impact: The police head's accusations against liquor owners led to stricter regulations, which then spawned a new wave of underground cocktail lounges, ultimately culminating in the hipster revolution of the 21st century.. Fact: In 1930s Philadelphia, being a liquor owner was like being a superheroβjust without the cape and with a lot more legal trouble..
- Headline: 200 Canadians Will Visit Brazil.. Impact: The goodwill cruise to Brazil inadvertently set off a series of cultural exchanges that led to the creation of the first-ever 'Carnival in Canada', where snowmen were the main attraction.. Fact: 200 Canadians on a goodwill cruise? That's basically like sending a polite apology note via vacation..
- Headline: Lehman Knighted by Pythians.. Impact: Lehman receiving knighthood from the Knights of Pythias led to a secret society of knights who spent their time debating the best pizza toppings instead of fighting dragons, because you know, priorities.. Fact: The Knights of Pythias were known for their brotherhood, which is basically the ancient version of a fraternity. Just with less beer and more swords..
- Headline: 31 HURT IN BRONX AS TROLLEYS CRASH; 167th Street Car Crashes Into Rear of Another at End of the Washington Bridge. FOUR AMBULANCES CALLED False Report of Many Killed Brings Big Crowd to Scene--Faulty Brakes Blamed.. Impact: The trolley crash in the Bronx resulted in a sudden increase in safety regulations, which ironically led to the development of the world's first 'Bumper Trolley' concept, designed to prevent future accidents but resulted in absurdly slow commutes.. Fact: 31 people hurt in a trolley crash sounds like a bad day, but at least they didnβt have to deal with 'traffic' in the traditional sense..
- Headline: Influenza Fills Quito's Hospitals.. Impact: The influenza epidemic in Quito escalated health awareness, leading to the bizarre trend of wearing masks long before it became fashionable during the pandemic of the 2020s.. Fact: Quito's hospitals were filled with patients, proving that being sick is a universal experience, even if the fashion choices vary by century..
- Headline: MOTORIST IS KILLED IN PARKWAY CRASH; Two Cars in Head-On Collision in Westchester--Three Hurt, One of Them Critically. FATAL ACCIDENT IN ROSLYN New Brunswick (N.J.) Woman, 63, Dies of Injuries--Atlantic City Hotel Employe Killed. Fatal Accident in Roslyn. Auto Kills Mineola Man. Woman, 63, Fatally Hurt. Fatality in Atlantic City.. Impact: The parkway crash triggered a nationwide movement for better road safety, which eventually led to the invention of the inflatable car, ensuring that accidents were more like 'bouncy castle experiences'.. Fact: Accidents in 1930 were just as tragic, but at least today we have airbags, and back then, they thought 'crash' meant just a bad party..
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)