SEPTEMBER 17, 1932

Full News Archive

• Headline: Amplifier Company Sues AT&T in 1932. Impact: The lawsuit against A.T. & T. led to a series of monopolistic practices being challenged, which ultimately resulted in the birth of the internet. Yes, all because someone didn't like their movie streaming service.. Fact: The only thing more complicated than movie rights is trying to explain to your grandparents how to use Netflix..
• Headline: First Home Loan Stock Subscription in 1932. Impact: This small building and loan association's decision to subscribe to home loan stocks sparked a nationwide housing boom, which eventually led to everyone believing they could afford a mansion on a barista's salary.. Fact: People still believe that a 'building and loan' is just a fancy way of saying 'loan shark with a nice suit.'.
• Headline: Newspaper Industry Faces Overproduction Crisis. Impact: The decision to cut newsprint due to overproduction resulted in the decline of print journalism and the rise of influencers. So congratulations, you can thank this excess for your cousin's TikTok career.. Fact: The only thing more excessive than the newsprint produced back then is the number of memes we generate today..
• Headline: ROOSEVELT DRAFTS SPEECH ON RAILWAYS; HAILED IN WYOMING; Arrives in Salt Lake City for Address Tonight Expected to Be 'Conservative.' HOLDS TRIP MAKES VOTES Nominee Now Sees Fears of His Advisers Groundless as West- erners Show Enthusiasm. REPEATS FARM DOLLAR PLEA Candidate at Cheyenne Tells Crowd Ha Wants Recovery to Affect All Sections.. Impact: Roosevelt's speech on railways was so riveting that it inspired a generation of politicians to realize they could just talk about trains to get votes. Who needs policy when you have locomotives?. Fact: In a twist of fate, the only thing more exciting than his speech on railways is watching paint dry..
• Headline: LINER MANHATTAN TOSSED BY BIG SEAS; Passengers Tell of Injuries and Smashed China on Reach- ing Plymouth. CAPTAIN PROUD OF SHIP Fried Says Vessel Went Through Ordeal of Hurricane In Fine Style, Although Delayed.. Impact: The Manhattan's stormy experience taught cruise lines that passengers love a good story, leading to extravagant marketing campaigns promising 'adventures at sea' that often involve nothing more than a mild drizzle.. Fact: They say every storm at sea is a chance for a great story, unless you’re the poor soul who just wanted to enjoy a calm vacation..
• Headline: ACT TO END DEADLOCK ON STAGEHANDS' WAGES; Producers and Union Move to Reach New Agreement -- Success Is Predicted by Dr. Moskowitz.. Impact: The deadlock on stagehands' wages eventually led to a nationwide movement for fair labor practices, proving that sometimes it takes a bunch of overworked stagehands to set off a revolution.. Fact: Behind every successful show is a stagehand who probably knows more about the production than the actors do!.
• Headline: M'KEE ORDER CLOSES BRONX MARKET JAN. 1; BANS PLEASURE CARS; Decides to Let Terminal Lie Idle Till Made to Pay -- Cuts Payroll $84,651 at Once. SCANS OFFICIAL AUTO LIST Withdraws Today All Not Need- ed in City's Service -- 'Luxury' Cost Put at $1,000,000 a Year. FIRE HEADS OFFER PAY CUT Five Willing to Accept $250 Slash Each -- Mayor Halls Act as Augury of $30,000,000 Saving. M'KEE ORDER SHUTS BRONX MARKET JAN. 1. Impact: McKee's decision to close the Bronx market was the tipping point that led to urban exploration becoming a hobby, as people flocked to abandoned places that were once bustling with activity.. Fact: The only thing scarier than a closed market is the thought of people actually using public transportation in the Bronx..
• Headline: WE HAVE OUR OWN GOLD.; More Liberal Lending Policy Held to Be Warranted Now.. Impact: The liberal lending policy led to a gold rush, both literally and figuratively, as people began to hoard gold like it was the last cookie in the jar. Spoiler: it wasn't.. Fact: There's a reason we don't see gold anymore — it turns out it doesn’t fit well in a piggy bank..
• Headline: AMENDMENT NO. 2.; Adoption Would Harm State Civil Service, It Is Held.. Impact: The amendment discussion about civil service preferences for disabled veterans sparked debates that would continue for decades, leading to the realization that politics is just a game of 'who can talk the longest without saying anything.'. Fact: If you think civil service preferences are confusing, try explaining them to a politician..