Breakthroughs and everyday innovations from the year.
HEADLINES ON January 15, 1932
Full News Archive
- Headline: European Reparations Conference Predictions. Impact: This reparations parley kicked off a chain reaction that led to more convoluted financial agreements. By the 21st century, it was so commonplace for countries to shuffle their debts around, we might as well have a global game of musical chairs with currencies.. Fact: The last time countries were this indecisive about payments, it resulted in an entire genre of movies: 'Heist' films. Thanks for the inspiration, Europe!.
- Headline: Artists' Club Elects New Leaders. Impact: The newly elected officers of the Artists' Club sparked a world where artists became politicians, causing the rise of countless pretentious art movements. Who knew neo-impressionism could lead to global policy changes?. Fact: This was the first time artists were elected to anything other than a 'Most Likely to Overthink Their Own Work' award..
- Headline: New Bus Line Connects Mt. Vernon and Tuckahoe. Impact: The opening of this bus line connected communities, leading to unplanned social interactions that might have resulted in the birth of countless subcultures, including the rise of the hipster coffee shop. Thanks, public transport!. Fact: The bus line was initially called 'The Bus of Destiny,' but they decided that was a little too dramatic..
- Headline: DIVERSION OF FUNDS LAID TO FARLEY ALSO; CULKIN NOW DEFIANT; Sheriff Followed Predecessor in Appropriating Interest, Accountants Testify. EVIDENCE CREATES FUROR McNaboe Intimates Smith and All Others in Office Helped Themselves to Accruals. CULKIN REJECTS A WAIVER Seabury Refuses to Let Him Testify on $1,929,759 Deposits -- Hastings, in Contempt, Gets New Stay. FARLEY IS ACCUSED OF TAKING FUNDS. Impact: This scandal led to a series of reforms that eventually resulted in the convoluted financial regulations we have today, where no one can tell if the funds are being diverted or just playing hide-and-seek.. Fact: In the end, Farley was just trying to fund his secret pet project: a casino for cats. Itβs hard to blame him, really..
- Headline: CUBAN AMNESTY BILL IS SIGNED BY MACHADO; Remaining August Rebels Will Be Freed Today -- Student Bombers Are Still Held for Trial. Impact: The amnesty bill inadvertently sparked a whole new wave of political activism among the youth, leading to a cycle of rebellion that would echo through decades. Because nothing says freedom like being released and then re-arrested.. Fact: One of the released rebels later became a successful motivational speaker, proving that sometimes, the best way to inspire change is to just have a dramatic backstory..
- Headline: HO ARE DEFENDS POLICY OF BRITAIN IN INDIA; Sees Hopeful Signs in Situation There as British Committees Seal to Begin Inquiries.. Impact: This defense of colonial policy set off a chain of events that eventually led to the British Empire's decline. Because nothing says 'we care' like a committee meeting held thousands of miles away.. Fact: Sir Hoareβs definition of 'hopeful signs' was later redefined as 'signs that make you question everything you know about governance.'.
- Headline: PARIS SEES ACCORD WITH LONDON NEAR; Thinks Our Attitude Points to Need for Real Agreement on Reparations. BRITAIN BELIEVED CHANGING Proposals Taken to London by Sir Frederick Lelth-Ross Regarded as Influencing Moderation.. Impact: This perception of a near accord led to a series of diplomatic dinners where countries pretended to like each other for the sake of reparations. Spoiler alert: the food was better than the conversation.. Fact: The 'diplomatic dinner' became so popular that itβs now the preferred method for settling disputesβwho knew that appetizers could resolve international crises?.
- Headline: STISON AIDES DENY LINKING OIL TO LOAN; Intervened on Behalf of a Concession Held by "Mellon Interests" in Colombia. SECRETARY PRESSED BANK Meantime at House Hearing Patman Accuses Mellon of Using His Influence. STIMSON AIDES DENY LINKING OIL TO LOAN. Impact: The denial of this oil-to-loan link opened the floodgates for conspiracy theories about government connections to big oil. Today, we can thank this event for every YouTube video that insists the moon landing was staged.. Fact: Every time someone mentions 'the oily fingers of big corporations,' theyβre probably referencing this scandalβbecause who doesnβt love a good metaphor?.
- Headline: REPORTS RENEWAL OF GERMAN CREDITS; Vossische Zeitung Says Foreign Bankers Have Agreed on $1,000,000,000 of Short-Term Loans.. Impact: This renewal of credits was a financial band-aid that just postponed the inevitable. By the time the crisis actually hit, it turned out they were just borrowing time.. Fact: The loan was so short-term that it was basically like borrowing a cup of sugar from a neighbor and forgetting to return it until the next financial crisis..
- Headline: Several Wounded in Spanish Riot.. Impact: This riot marked a significant moment in Spanish history, highlighting the deep political divides that would shape the nationβs future. The echoes of this unrest would be felt in subsequent generations.. Fact: Rioters were later honored with a statue that reads, 'At least we made some noise!'βa reminder that sometimes, making noise is all you can do..
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)