Breakthroughs and everyday innovations from the year.
HEADLINES ON September 24, 1931
Full News Archive
- Headline: Filipino Leaders Demand Independence Today. Impact: This plea for independence sparked a series of events, leading to a butterfly effect where a simple request turned into a global movement for decolonization. Who knew a letter could kickstart the end of empires?. Fact: Fun fact: If the U.S. had actually listened to this plea, we might have avoided a whole lot of awkwardness at international summits. But hey, who needs peace when you can have a good ol' colonial hangover?.
- Headline: CURRENCY PARLEY FAVORED AT CAPITAL; Washington Officials Indicate Such a Proposal by Great Britain Would Be Accepted.. Impact: This parley was the first step in a complicated dance of currencies that eventually led to the modern financial system, where we all pretend to understand inflation while actually just Googling it every time it comes up.. Fact: Fun fact: Currency discussions are just the adult version of kids arguing over who gets to pick the next game. Spoiler: nobody wins..
- Headline: HITLERITE RIOTERS PUNISHED SEVERELY; Berlin Court Jails 23 Youths Up to Year and 9 Months in Anti-Jewish Outbreak. FOUR GET 9-MONTH TERMS Only Six of Accused Are Acquitted --Court, Pledging More Severity, Stresses Effect Abroad.. Impact: These sentences marked a turning point where society began to grapple with the consequences of hate and intolerance, setting the stage for future human rights movements. Painful lessons learned, but the echoes are still felt today.. Fact: Did you know that history often repeats itself? Itβs like a bad sequel nobody wanted, but here we are, still fighting against hate and intolerance..
- Headline: LEGION CHIEFS URGE WAR RULE BY HOOVER; BACK MOVE FOR BEER; Committee Votes to Ask the President to Declare Depression a National Emergency.FOR BI-PARTISAN COUNCILCall for Real Action in Congresson Prohibition ReferendumGoes to the Floor.BONUS PROPOSAL BEATENBut Minority Will Submit ReportWhich Will Permit the Convention to Act. Roosevelt Compromise Beaten. LEGION CHIEFS URGE WAR RULE BY HOOVER Resolution on National Council.. Impact: This push for a beer revival during the Depression led to the eventual repeal of Prohibition, which is the most American way of saying, 'Letβs fix the economy with alcohol!' Because nothing says stability like a cold one.. Fact: Did you know that during Prohibition, people got really creative with their drinks? Itβs like the ultimate DIY project, but with more hangovers involved..
- Headline: BRITISH STOCK JUMP AIDS ELECTION MOVE; Probability Increases That It Will Be Called for the End of October. MACDONALD LIKELY TO QUIT After Polling It Is Thought He May Be Made Ambassador to Washington. LIBERALS UNABLE TO AGREE About Half of Them Are Ready to Support Tariff--Elimination of Party From Parliament Seen. Big Demand for Shares. MacDonald May Go to Washington. Laborites Not Prepared.. Impact: The rise in stock prices created a false sense of security that would ultimately lead to a financial flop. Much like believing you can eat cake every day and still lose weight. Spoiler alert: you canβt.. Fact: Did you know that stock market fluctuations are like the emotional rollercoaster of a reality TV show? One minute youβre up, the next youβre down, and youβre just waiting for the dramatic music to play..
- Headline: GOLD 'LOSS' DROPS AFTER VAST SALES; Only $110,000 Is Shipped on Tuesday, While $490,000 Comes From Canada.. Impact: This fluctuation in gold sales was the start of a wild ride for commodity trading, where people would learn that gold is not just a shiny rock but a slippery slope to financial chaos.. Fact: Did you know that gold is often called the 'safe haven'? Kind of ironic when you think about how many people have lost their shirts trying to buy it. Just remember: itβs not the gold thatβs the problem; itβs your investment strategy..
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)