Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON July 22, 1932
Full News Archive
- Headline: Dickens's Son Retires from Old Bailey. Impact: After Dickens's son retired, local judges started wearing top hats in his honor. This led to a fashion trend that caused an uptick in sales for haberdasheries, ultimately influencing the 20th-century men's fashion industry. Who knew a retirement could be so stylishly impactful?. Fact: Did you know that Dickens's son was once mistaken for a character in one of his father's novels? Spoiler alert: he didn't have a happy ending..
- Headline: Challenges in 1932 Milk Production. Impact: The cooperative plan's failure led to the invention of the phrase 'Itβs not you, itβs me,' which became a staple in break-up conversations and boardroom excuses for decades to come. Thanks, milk producers!. Fact: Did you know that milk producers were once advised to 'cry over spilled milk'? They took it literally and held a weekly therapy session..
- Headline: Chester A. Braman Estate Tax Reduction. Impact: This tax abatement sparked a wave of estate planning strategies that involved increasingly absurd loopholes, including the infamous 'buy a castle, declare it a historical site' scheme. The IRS is still trying to catch up.. Fact: Did you know Chester A. Braman was so rich that his tax credits had their own zip code? Just kidding, but wouldnβt that be nice?.
- Headline: WASHINGTON ORDERS B. E. F. TO EVACUATE; Board Tells Gen. Glassford to Give Veterans Until Aug. 4 to Quit Sites They Occupy. LEADERS PREDICT DANGER Say Few of the Men Will Leave Voluntarily -- Police Report More Than 11,000 Remain. WASHINGTON TELLS B. E. F. TO EVACUATE. Impact: The evacuation order led to a chain reaction of protests that eventually inspired the phrase 'bonus army' to be used in every future debate about government support. Even the Avengers couldnβt assemble this many disgruntled veterans.. Fact: Did you know that General Glassford had to consult a crystal ball to predict the chaos? Just kidding, but it might have helped..
- Headline: ASSOCIATION OFFICERS TOUR INTERSTATE PARK; Secretaries of Civic and Trade Groups Are Impressed by Facilities Afforded.. Impact: The tour of the interstate park led to a sudden influx of tourists who mistook it for Disneyland, causing a surprise boom in inflatable Mickey Mouse sales in the area. Nothing says 'nature' like a giant inflatable rodent.. Fact: Did you know that the civic group was so impressed that they considered making the park the 'Eighth Wonder of the World'? Spoiler: it didnβt make the cut..
- Headline: Movement Reported in Tokyo. Impact: This seemingly innocuous support for the government led to a series of events that eventually resulted in an international game of 'who can be more dramatic,' setting the stage for the Cold War. Thanks, Tang Yu-lin!. Fact: Did you know that 'Tang Yu-lin' is a Mandarin phrase meaning 'I can't believe this is happening'? Talk about foreshadowing..
- Headline: CUBAN POLICE RAID HOME OF AMERICAN; Representative of Reserve Bank Protests to Consul -- An Error in Search for Arms Reported.. Impact: The raid on the American's home triggered a series of diplomatic faux pas that resulted in a decades-long rivalry over whose police could raid better. Spoiler: they all lost.. Fact: Did you know that the Reserve Bank representative was actually just looking for his lost cat? The police weren't very helpful..
- Headline: Will Rogers Says Mussolini Knows How to Run a Cabinet. Impact: Will Rogers's comment about Mussolini led to a bizarre trend of politicians seeking his endorsement, resulting in a short-lived game show called 'Mussolini or Not?' which confused the heck out of everyone.. Fact: Did you know that Will Rogers was once asked to run for president? He declined, saying he βwasnβt ready for that kind of disaster.β.
- Headline: 5,000 Moroccan Women Bow To Slipper, Asking Children. Impact: This ritual of Moroccan women bowing to a slipper inadvertently sparked a new fashion craze in Europe, where slippers were suddenly the must-have item. It also led to a confusing trend where people started bowing to shoes on the street.. Fact: Did you know that the slipper was later discovered to be just a really old flip-flop? Fashion truly is cyclical..
- Headline: RESTAURANT RAIDED IN HOTEL MARGUERY; Dry Agents Seize Two Bottles and Arrest Three Employes on Park Avenue. 30 DINERS NOT MOLESTED Leader of Foray Sponsored by 5th Av. Photographer -- Place Not Operated by Hotel. RESTAURANT RAIDED IN HOTEL MARGUERY. Impact: The restaurant raid led to a wave of 'speakeasy' themed restaurants, where patrons could enjoy a sense of danger with their dinner. Because nothing says 'fine dining' like the fear of arrest!. Fact: Did you know that the restaurant's chef was actually a former bootlegger? Talk about a menu with a side of scandal..
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)