Breakthroughs and everyday innovations from the year.
HEADLINES ON August 12, 1932
Full News Archive
- Headline: Court Challenge Fails for Walker Hearing. Impact: This legal disaster became a catalyst for Bronx residents to start a grassroots movement to re-evaluate their relationship with local government. Years later, they were the first to demand a 'No More Court Fights' policy, which ironically led to even more court fights. Bravo!. Fact: In the end, the only thing that collapsed faster than this court fight was the public's trust in politicians. Shocker!.
- Headline: Lynch-Troy Wedding in Scranton, 1932. Impact: This nuptial celebration inadvertently sparked a chain reaction of awkward family gatherings where relatives debated the couple's literary tastes for decades to come. Who knew a wedding could cause a literary debate club?. Fact: Fun fact: If you say 'EffllLIflEH' three times in front of a mirror, your local wedding planner will appear and offer you a free consultation! Or maybe just a confused look..
- Headline: SCHOOLS BROADEN CLASS SUPERVISION; But Prof. Hillegas Finds Work Is Being Done Largely By the Principals. SPECIALISTS LOSING HOLD Columbia Summer Students Hear of New Administrative Trend in Nation's Education.. Impact: This trend of broadening supervision led to a nationwide competition among principals to see who could be the most 'hands-on,' which resulted in the bizarre trend of principals moonlighting as substitute teachersβbecause nothing says 'authority' like a principal teaching gym class.. Fact: In a shocking twist, students discovered that 'broadening supervision' actually meant 'more ways for adults to meddle in our lives.' Who would have thought?.
- Headline: THRONG SEES NOTIFICATION; President Goes Beyond His Platform by Urging Dry Law Change. AGAINST SALOON'S RETURN Federal Check Demanded to Protect Dry Slates -- Demo- cratic Stand Attacked. BAN ON DEBT CANCELLATION Panic Repelled, He Says, Rest- ing Claim for Re-election on Economic Measures. PRESIDENT ADMITS DRY LAW FAILURE. Impact: This admission not only led to an eventual repeal of Prohibition but also inspired a generation of cocktail enthusiasts. Thanks to this moment, we owe the invention of the Cosmopolitan to a political blunder. Cheers!. Fact: Fun fact: The only thing drier than the Dry Law was the humor of politicians who thought it was a good idea in the first place!.
- Headline: BONUS ARMY ENTRY REFUSED BY MEXICO; President Ortiz Rubio Wires Doak Mexican Jobless Have First Claim. BYRD GROUP UNDER FIRE Resolution Condemning Economy League Goes Before Bay State Legion -- Admiral to Speak.. Impact: This refusal led to a budding friendship between U.S. veterans and Mexican officials, who later exchanged awkward holiday cards. It also inspired a new career path for veteransβprofessional card senders.. Fact: At least they got a polite 'no' instead of a 'please go home.' That's a win in the world of international relations, right?.
- Headline: $2,739,107 Tax on Cochran Estate.. Impact: This enormous tax bill led to the creation of the first-ever tax planning seminars, where wealthy individuals could gather to learn how to avoid being the next target of the taxman. Spoiler: they still havenβt figured it out.. Fact: That tax bill is the equivalent of buying 5,000 lattes at your favorite hipster coffee shop. So, you know, not that outrageous, right?.
- Headline: DEADLOCK RENEWED ON PRINTERS' SCALE; Negotiations Break Down When Union Head Backs Local in Arbitration Stand. PUBLISHERS REJECT OFFER Willing to Arbitrate All Issues, or Wages Alone, but Bar Limitation to Hours and Pay Rate.. Impact: This ongoing deadlock inspired countless memes about printers and unions, making it the most discussed topic at dinner parties for years. Who knew labor disputes could be so entertaining?. Fact: In the age of digital printing, those 'negotiations' are now just a fancy way of saying 'let's argue about the font choices for another hour.'.
- Headline: Gets Los Angeles School Post.. Impact: Dr. W.B. Featherstone's appointment led to a series of increasingly bizarre educational reforms that culminated in mandatory dance parties for all faculty meetings. Because who wouldnβt want to cha-cha their way through administrative duties?. Fact: This appointment turned out to be so popular that they considered renaming the school 'Featherstone Academy of Dance and Learning.' You know, for the fun of it!.
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)