Breakthroughs and everyday innovations from the year.
HEADLINES ON January 14, 1932
Full News Archive
- Headline: Coptic Textiles Exhibition Unveiled. Impact: The exhibition of Coptic textiles sparked a global obsession with ancient fabrics, leading to a bizarre trend of hipsters wearing 'authentic' Coptic-inspired clothing in coffee shops, believing they were channeling the spirit of ancient artisans.. Fact: Did you know that Coptic textiles were so intricate that they could make modern fashion designers weep? Seriously, they were the original influencers of fabric!.
- Headline: Bank Stock Concerns in 1932. Impact: The drop in bank stock concern set off a panic that caused people to hide their money under mattresses for decades, inadvertently launching a thriving black market for mattress manufacturers.. Fact: Fun fact: The term 'bank on it' lost all meaning when people literally started banking on their mattresses!.
- Headline: ROSLYN PICKS FIRST MAYOR; A.W. Hicks Unanimously Elected by Newly Incorporated Village.. Impact: A.W. Hicks' election led to the establishment of the 'First Mayor's Day' holiday, where villages worldwide celebrate by choosing random citizens to wear sashes and pretend to govern, leading to a surge in local chaos and hilarity.. Fact: Being the first mayor is a big deal; just ask the guy who was voted as the first mayor of his high school classβhe still brags about it at reunions!.
- Headline: LYNBROOK BANKS MERGED.; First National Takes Over Nassau Institution to End Competition.. Impact: The merger created a monopoly that inspired a generation of banking students to write essays on the 'Great Lynbrook Banking Wars,' which, spoiler alert, involved no actual warsβjust lots of paperwork.. Fact: Merging banks is like when two friends decide to share a pizzaβthereβs always that one who insists on taking the biggest slice. #BankingProblems.
- Headline: Text of Mellon's Statement on National Finances to the Ways and Means Committee. Impact: Mellon's statement ignited a series of finance-related debates that led to the invention of the modern budget spreadsheet, forever changing how people argue over money at family gatherings.. Fact: Mellon's statements were so dry that they could double as bedtime stories for insomniacs. Sweet dreams of fiscal responsibility!.
- Headline: $450,000 for Arms Parley Is Authorized by Senate. Impact: The Senate's decision to fund the arms parley resulted in a strange twist of fateβevery subsequent arms negotiation was accompanied by a mandatory bake sale to raise funds, making diplomacy a lot sweeter.. Fact: Yes, $450,000 is a lot for a parley, but have you seen what they charge for coffee at these events? Inflation is real, folks!.
- Headline: DORIS KENYON IN SONGS.; Hollywood Film Colony Applauds Her at Concert Appearance.. Impact: Doris Kenyon's concert led to a nationwide trend of aspiring singers adopting dramatic stage names, resulting in bizarre personas like 'Echo Stardust' and 'Captain Melodrama' taking over the music scene.. Fact: Doris Kenyon was so popular that even her encores had encores. Talk about a diva!.
- Headline: Government Crisis In Monaco.. Impact: The resignation of Minister Piette triggered a series of governmental shakeups that transformed Monaco's political landscape, leading to the world's first 'royal reality show' where citizens voted for their favorite royal in a bid for stability.. Fact: Monaco's political crises are so rare that theyβre basically the unicorns of government affairsβeveryone talks about them, but no one has seen one in ages!.
- Headline: GARNER DEMANDS CURB ON EXPENSES; He Says Democrats, Controlling Both Houses in 1933, Will Balance the Budget.. Impact: Garner's demand pushed politicians to attempt to balance budgets without any actual funds, resulting in creative accounting methods that are still studied in schools of 'How Not to Manage Money.'. Fact: Balancing a budget is like trying to balance on a unicycle while juggling flaming torchesβimpressive if you can do it, but mostly a recipe for disaster!.
Wall Street Time Machine
CVX
Chevron
Chevron - If you invested $1,000 in 1932, it would be worth $474,914 today (474.9x return)
GE
General Electric
General Electric - If you invested $1,000 in 1932, it would be worth $487,500 today (487.5x return)