Breakthroughs and everyday innovations from the year.
HEADLINES ON July 3, 1931
Full News Archive
- Headline: State Ends Airport Inquiry: Key Developments. Impact: In a cosmic twist, Halleran's dissatisfaction with airport promotions led to the invention of the 'airport lounge'βa place where people could sit and complain about flights instead of just standing in line. This revolutionized the travel experience, or at least made it slightly more bearable.. Fact: Halleran's admission means he probably spent more time in meetings than actually flying. Shocking, I know..
- Headline: Zionists Remember Dr. Theodor Herzl. Impact: Herzl's policies became the blueprint for modern statehood movements worldwide. Who knew a memorial meeting could spark a political movement? Next thing you know, some guy in a basement is planning the next big international conference.. Fact: Dr. Herzl believed in a Jewish homeland long before it was trendy. Talk about being ahead of the curve!.
- Headline: $70,000 Order for Westinghouse.. Impact: This order was the catalyst for Westinghouse to eventually become a household name. Who knew that 15 transformers would lead to a future where every home would be filled with electrical appliances, and weβd all be dependent on outlets? Thanks, capitalism!. Fact: For $70,000 in 1920, you could have bought a small island, or you know, just 15 transformers. Priorities, people!.
- Headline: HARLEM REVIVAL HELD BY EVANGELINE BOOTH; Commander Conducts First of Salvation Army Open-Air Services on Church Steps.. Impact: Evangeline Boothβs revival meetings not only invigorated Harlem but also inspired future generations to take their sermons outdoors. This led to the rise of outdoor festivals, which eventually evolved into food trucks. So, thank her for your taco stand!. Fact: Evangeline Booth was the first woman to lead the Salvation Army. Talk about breaking the glass ceiling while preaching on church steps!.
- Headline: DIAMOND AIDE OUT ON BAIL.; Quattrocchi, Facing Three Charges, Is Freed at Catskill.. Impact: Quattrocchi's release on bail became a historical reference point for future aides who learned that if you have enough cash, you can just about wiggle your way out of any situation. This paved the way for the notion that money can buy freedomβhow original!. Fact: Quattrocchi's bail amount was roughly equivalent to the cost of a decent car today. Just a reminder that some things never change..
- Headline: HAWKS HOPS FROM A PIER.; Performs Feat at Quebec to Show Ship-to-Plane Facilities.. Impact: Hawks performing stunts from piers foreshadowed the rise of extreme sports and reality TV. Who would have thought that one man's need for attention would lead to a whole generation of stunt doubles and adrenaline junkies?. Fact: This stunt was so impressive that it inspired a whole new genre of 'look at me' moments across the ages. Thank you, Hawks!.
- Headline: Lew Cody Appeals on Income Tax.. Impact: Cody's appeal set a precedent for future celebrities to avoid paying taxes, leading to the formation of numerous tax evasion strategies that would make accountants cringe. Thanks, Lew, for paving the way for the modern tax loophole!. Fact: Cody's appeal was less about justice and more about the fact that no one likes giving their hard-earned cash to the government. Groundbreaking!.
- Headline: BIOLOGISTS INSIST ON DISTINCT STATUS; Contend at London Congress Theirs Is an Independent Science in Study of Life.. Impact: This insistence on distinct status promoted a whole series of scientific debates that led to the birth of multiple branches of biology. In a way, they were the original 'we need our own space' advocatesβbefore it was cool.. Fact: The biologists arguing for their status probably spent more time arguing than actually studying life. Just classic academia!.
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)