Breakthroughs and everyday innovations from the year.
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HEADLINES ON June 25, 1932
Full News Archive
- Headline: Doheny Jr. Estate Value Revealed. Impact: Little did anyone know that this hefty inheritance would lead to an influx of confused young adults trying to figure out how to use their trust funds to fund artisanal cheese shops. The ripple effect of financial confusion continues to this day!. Fact: Thatβs a lot of money for a family that probably just wanted a nice vacation home. Instead, they got a financial crisis and a reality show about spoiled heirs..
- Headline: Rare Breeches Bible Discovered at Academy. Impact: The discovery of the Breeches Bible set off a chain reaction where all future 'found' items are now scrutinized for hidden vaults. Who knew that a dusty book could cause such a frenzy in the world of antiquities?. Fact: The term 'Breeches Bible' comes from an unfortunate translation of Genesis; apparently, Adam and Eve were pioneers of fashion faux pas..
- Headline: Jean Harlow's Upcoming Wedding Announcement. Impact: This wedding would lead to a chain of events where Hollywood couples would feel the need to outdo each other with extravagant weddings, resulting in the birth of reality TV wedding shows. Thank you, Harlow!. Fact: If only she knew that her love life would eventually inspire countless magazine covers and a reality TV franchise about celebrity marriages and divorces..
- Headline: New Taxes Drive Disk Business to England; Durium Company Drops 75 From Payroll. Impact: The loss of 75 jobs led to a surge in British tea consumption, as the workers sought solace in biscuits and Earl Grey. Who knew that tax policy could have such far-reaching effects on snack preferences?. Fact: Isnβt it fascinating how a couple of tax increases can shift entire industries? Meanwhile, politicians continue to debate tax reform over a lavish lunchβwhere the tax code is the only thing that never gets eaten..
- Headline: WIDOW, 90, TO MARK CUSTER ANNIVERSARY; Will Observe 56th Year Since the "Last Stand" Quietly in Her Park Av. Home Today.. Impact: This quiet observance kept alive the memory of Custerβs Last Stand, which would eventually inspire a long series of Hollywood films. You can thank her for all those dramatic reenactments!. Fact: Custerβs Last Stand was less about heroism and more about a man who just didnβt get the memo about not underestimating his opponents..
- Headline: OPPOSITION OPENS FIRE; Smith Charges a Breach of 'Fair Play' -- Cox and Davis Against It. TERMED 'GAMBLER'S TRICK' Glass Would 'Repudiate' Roosevelt as 'Beneficiary' -- Texans Are 'Mad Clear Through.' REED SOUNDS A SLOGAN 'Rule Good Enough for Jackson' Suits Missourian -- Ritchie and Murray Regret Row. DROPPING OF RULE BITTERLY OPPOSED. Impact: This political debacle led to the birth of the phrase 'politics as usual,' which would be used to describe every subsequent election cycle. Thanks for the continuity, guys!. Fact: Isn't it adorable how politicians act surprised when people get mad about their antics? It's like watching a toddler knock over a block tower and then cry about it..
- Headline: POINTS TO STABILITY IN VENEZUELA FINANCE; Emissary of President Gomez Tells Advertising Club Nation Has Increased Its Surplus.. Impact: The claim of financial surplus sparked a worldwide interest in Venezuelan economics, leading to a boom in 'how to invest in unstable economies' seminars. Talk about a niche market!. Fact: If only financial stability were as easy to achieve as just telling people it exists. Maybe we should all just start announcing our wealth at dinner parties..
- Headline: ANKING, CONDITIONS ARE HELD FAVORABLE; May Failures, at 77, Exceeded April and March, but Were Lower Than Other Months for Year.. Impact: The fluctuations in banking failures led to a newfound popularity of piggy banks. Who knew that a few failures could turn people into avid savers?. Fact: Itβs fascinating how the banking system can be more unstable than a toddler on roller skates. But hey, at least piggy banks are still safe and sound!.
- Headline: IRISH REJECT THOMAS PLAN.; Cabinet Refuses to Accept the Annu- ities Arbitration Proposal.. Impact: This rejection led to the rise of countless negotiations and debates, making the Irish Cabinet experts in the art of saying no. They may as well have started a masterclass!. Fact: Rejection is a powerful tool in politics. The Irish Cabinet practically invented the 'thanks, but no thanks' response as an art form..
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)