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HEADLINES ON November 3, 1931
Full News Archive
- Headline: South Africa Joins Ottawa Conference. Impact: South Africa's participation in the Ottawa Parley set off a chain reaction leading to an unexpected increase in tea parties across the globe. Who knew that diplomatic discussions could inspire people to pour boiling water over leaves?. Fact: The Union of South Africa was actually formed to avoid a civil war. So, you could say they really took 'union' seriously—like a group of friends trying to make it through a bad breakup..
- Headline: Laval's Diplomatic Victory in 1931. Impact: Laval's victory in negotiations caused a ripple effect that led to countless diplomatic dinners where everyone pretended to enjoy cold soup and awkward conversations about reparations.. Fact: Herbert Hoover was famously known for his 'Great Depression' skills, so giving in during talks was probably a huge relief for him. It’s like admitting you can’t cook after burning water..
- Headline: Opera Begins With $2,000,000, Subscriptions; No Sign of Depression in Brilliant Opening. Impact: The opera opening marked the beginning of a new trend where people felt they could spend $2 million on art, paving the way for the overpriced avocado toast of the future.. Fact: In the world of opera, a sold-out show is like winning the lottery for musicians. It’s all about the drama—on and off the stage!.
- Headline: ECUADOREANS PROTEST TAX; Shops and Plants Close in Strike Against Levy on Sales and Wages.. Impact: Ecuador's tax protests inspired future rallies and movements worldwide, leading to the concept of 'taxation without representation' becoming the favorite slogan for disgruntled citizens everywhere. Thanks, Ecuador!. Fact: Merchants and manufacturers striking might sound dramatic, but it's definitely better than when they start throwing tomatoes—those can really hurt!.
- Headline: WILLARD ADVOCATES RAIL RESERVE FUND; Would Alter Law So Roads Might Save Prosperity Profits to Combat Depressions. FOR COMPETITIVE SYSTEM It Enriched Nation, He Tells Senators; Opposes Government Scrutiny of Industry. COLD TO ECONOMIC COUNCIL "Chaos" in Coal Industry Described --Employment Stabilization in Textile Plant Explained. Opposes Airing Records. Idleness "Society's Problem.". Impact: Willard's advocacy for a rail reserve fund led to more railroads being built, which then caused more people to complain about train delays—because some things never change.. Fact: Willard's opposition to government scrutiny is reminiscent of kids hiding their report cards from their parents. Spoiler: They still end up getting caught!.
- Headline: VOTES TO LET WOMEN INTO CHURCH COUNCIL; Philadelphia Presbytery, Which Had Opposed Them as Elders, Approves Assembly Overture.. Impact: The Philadelphia Presbytery's decision to let women into the church council opened the door for future discussions about equality, ultimately leading to the invention of the phrase, 'Did you ask the woman in the room?'. Fact: This was a huge deal back then, but now it seems like letting women join councils is as groundbreaking as allowing cats to run for office—both still face a lot of scrutiny..
- Headline: BLAMES CUBANS FOR CRISIS.; Leader of Popular Party Disagrees With Attack on Americans.. Impact: Cuellar del Rio's blame on Cubans for the crisis created a precedent for future scapegoating, which still exists today in political arenas worldwide. Nothing says 'leadership' like pointing fingers!. Fact: It's ironic that the leader of the Popular Party was blaming others while his own party was likely struggling with its popularity—classic political irony!.
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)