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HEADLINES ON September 28, 1931
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- Headline: Gambling Scandal in 1931 Exposed. Impact: If this gambler hadn't forked over $250 a night, we might have missed the rise of online poker, which has led to people losing their homes and dignity from the comfort of their couches. Thanks, Seabury!. Fact: Did you know that some people think gambling is just a fun pastime? It's actually a great way to turn a night out into a financial disaster!.
- Headline: Families and Budgeting in 1931. Impact: This headline inspired countless families to start budgeting, leading to an explosion of apps designed to help you realize how broke you really are every month.. Fact: Did you know that budgeting is actually a fancy way of saying 'I'm about to experience buyer's remorse'?.
- Headline: Business Failures Highlight Need for Religion. Impact: Dr. Bowieβs declaration about business fumbles paved the way for corporate wellness programsβbecause nothing says 'we care' like a yoga class in the break room.. Fact: Did you know that historically, businesses have fumbled their way through decisions like a toddler with a crayon? It's a miracle we even have board meetings..
- Headline: Harlan Coal Fields Face Civil War; Kentucky County Is an Armed Camp; Desperate Miners Turn to Reds and I.W.W. for Help--Loot Stores and Armory--Operators Insist They Pay High Scale Despite Poor Market--Weapons Plentiful on Both Sides. HARLAN COAL FIELDS NEAR TO CIVIL WAR "Reign of Terror" Is Charged. Harlan Situation Is Typical. Miners' Children Beg of Strangers Operators Say Scale Is High. Only a Business Upturn Can Help. Citizens Fear a Civil War.. Impact: The desperation of miners in Harlan led to labor reforms that eventually resulted in the 40-hour work weekβproof that sometimes you need a little chaos to bring about change.. Fact: Did you know that civil wars can be sparked over something as trivial as wages? Who knew money could cause so much drama?.
- Headline: DRIVE ON TO END SALE OF LOTTERY TICKETS; Federal Agencies, Investigating Race Sweepstakes, Find Many Are Fraudulent.. Impact: This attempt to end the sale of lottery tickets may very well have inspired the rise of scratch-off tickets, which are basically the lottery's way of telling you that you're still losing money, just faster.. Fact: Did you know that lotteries are just a tax on people who are bad at math? It's a win-win for the government!.
- Headline: Ocean Threatens to Destroy Clemenceau's Home in Vendee. Impact: Clemenceauβs home being threatened by the ocean has inspired numerous disaster moviesβproving that nature is a far better scriptwriter than most Hollywood studios.. Fact: Did you know that the ocean has a great sense of humor? Just when you think youβre safe, it decides to remind you whoβs boss!.
- Headline: RITES FOR DAVEY PLANNED.; Mass for Police Captain Killed by Bullet Set for Wednesday.. Impact: Daveyβs untimely death might have prompted police departments to reconsider the stress levels of their officers, leading to the popularization of wellness programsβso, thanks, Davey!. Fact: Did you know that police officers have one of the most stressful jobs? Yeah, it's not just the donuts that keep them up at night..
- Headline: FINANCIAL MARKETS; The Sequel to England's Action on Gold Payments, as Thus Far Shown.. Impact: The suspension of gold payments may have prevented an economic meltdown, but it also paved the way for the glorious age of fiat currencyβbecause nothing screams stability like paper money!. Fact: Did you know that gold was once the gold standard? Now itβs just something we dig up and put in jewelry stores!.
- Headline: ADAM GIFFORD DEAD; SALVATION OFFICIAL; Coast Territorial Commander a Victim of Overwork on Unemployment Relief.SENIOR ARMY COMMISSIONERJoined Movement in Its Infancy 47Years Ago--Glowing Tribute by Commander Evangeline Booth.. Impact: Adam Gifford's passing highlighted the need for better support systems for those working in charityβleading to the future creation of many non-profits that still struggle to stay afloat.. Fact: Did you know that working in charity is often considered a labor of love? Which usually means youβll be paid in hugs and gratitudeβif youβre lucky!.
- Headline: ASKS PATIENCE IN PRAYER.; Dr. Workman Says There Are No "Quick Returns" in Religion.. Impact: Dr. Workman's plea for patience in prayer may have inadvertently inspired the rise of meditation appsβbecause who needs divine intervention when you can just breathe deeply and pretend everything's fine?. Fact: Did you know that patience is a virtue? Unless you're waiting for the Wi-Fi to kick in, then itβs just a test of your sanity!.
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)