Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year β Top 10 Pop & Country chart toppers
HEADLINES ON June 3, 1932
Full News Archive
- Headline: Debate on Tariff Benefit Proportions. Impact: Had this tariff been fairly applied, perhaps we wouldn't have a generation of economists arguing about the merits of economics while sipping overpriced coffee. Who knew a few high tariffs could lead to an entire field of study built on questionable assumptions?. Fact: Fun fact: Tariffs are just like taxes, only they come with a side of international drama!.
- Headline: Historic Cost Savings in 1932. Impact: This monumental saving probably led to the creation of a secret society of budget analysts who now gather in dimly lit basements to discuss the art of saving moneyβwhile also figuring out how to spend it on things that don't matter.. Fact: You could say saving money is like dieting: everyone talks about it, but few actually stick to it!.
- Headline: Colleges Thrive Despite Economic Challenges. Impact: This budget balancing act likely inspired countless students to pursue degrees in finance, only to find themselves in a lifetime of debt and despairβbecause who doesnβt love irony?. Fact: Colleges balancing budgets while cutting salaries is like a circus act where the clowns juggle chainsaws. Thrilling but slightly terrifying!.
- Headline: SEE SHIFT TO ROOSEVELT.; Illinois Down-State Democrats Fore- cast Second Choice.. Impact: If Roosevelt had been the first choice, perhaps weβd have a world where a New Deal was just a casual brunch discussion rather than a historical pivot. But hey, second best is still a seat at the table!. Fact: Politics is like a game of musical chairsβeveryone fights for a seat, but most end up standing awkwardly in a corner!.
- Headline: WINS A STEADY JOB AT HIS TRADE, IN JAIL; Woodcarver Is Sentenced to 6 Months of Cabinet-Making With City as His Client. WORKHOUSE DEFINED ANEW Magistrate Delves Deep into Law to Find Appropriate Penalty for Man Held for Non-Support.. Impact: This case probably led to the creation of a new career path: prison labor as a form of artisanal craftsmanship, resulting in a bizarre trend of exclusive 'inmate-made' furniture that no one ever wanted.. Fact: Nothing says 'Iβve hit rock bottom' quite like being sentenced to jail for non-support and then having to build cabinets. Talk about a double whammy!.
- Headline: STIMSON TO INSIST THAT TRADE PARLEY BE HELD IN LONDON; But Secretary Has No Objection to Regarding Meeting as Part of Lausanne Conference. AVOIDS REPARATIONS LINK Congress Group Asks Hoover to Include Silver in Agenda of World Economic Issues. LEAGUE CIRCLES SKEPTICAL British Chancellor of the Exchequer Sees No Aid in Talks if War Debts Are Barred. STIMSON TO INSIST ON LONDON PARLEY. Impact: This insistence probably laid the groundwork for future international negotiations, where diplomats would gather to argue about the price of tea in China while the rest of the world was on fire.. Fact: Trade talks are just like family dinnersβeveryone pretends to be civilized while secretly plotting to take the last piece of pie!.
- Headline: NEW PAY CUT PLANS DELAY ECONOMY BILL; Morris Offers an Amendment for $1,500 Exemption and 5 to 25% Slashes Above That. THOMAS ASKS $1,200 LIMIT Johnson Sets Figure at $2,500 -- Senator Logan Fights All Reduction Proposals. EARLY VOTE NOT EXPECTED Opposition Grows Intense, With a Clash on Reducing Veterans' Expenses Now Looming.. Impact: These pay cut plans likely sparked countless debates in coffee shops and living rooms, where everyone suddenly became an economic expert, arguing passionately about numbers that meant absolutely nothing to them.. Fact: Political negotiations over pay cuts are like trying to decide where to go for dinnerβeveryone has an opinion, but no one can agree!.
- Headline: Convicts Unaware of Chance to Flee.. Impact: This unfortunate oversight probably led to an increase in prison drama series, where guards are portrayed as either bumbling fools or secret mastermindsβboth of which sound equally entertaining.. Fact: Prisons offer a unique opportunity for escapeβif only the inmates could remember to check the news once in a while!.
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)