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 May 7, 1933
Full News Archive
- Headline: State Surplus Estimate Amid Economic Challenges. Impact: This surplus led to a series of budget cuts that eventually resulted in the state government investing in questionable schemes, including a failed attempt to create a giant inflatable statue of a potato in the town square.. Fact: Did you know that surplus spending is like finding a dollar in your old coat pocket? Except instead of treating yourself, the government uses it to fund bizarre projects no one asked for..
- Headline: Rosoff Contract Legal Dispute. Impact: This legal debacle sent ripples through the construction and contracting industries, leading to the establishment of more stringent bidding regulationsβbecause who doesn't love a good contract dispute?. Fact: Did you know that in Brooklyn, ash removal contracts can turn into courtroom dramas? Next on the docket: 'As the Ash Falls'..
- Headline: Manchukuo Milder to Soviet.; RUSSIA ASKS JAPAN TO BOY RAIL LINE. Impact: This diplomatic kerfuffle eventually led to a secret pact where Japan and Russia agreed to compete in building the most convoluted railway system ever, which still confuses travelers today.. Fact: Did you know that 'Manchukuo' sounds like a trendy new sushi restaurant? It's not, but it did involve a lot of questionable politics instead of raw fish..
- Headline: BANK SHIFTS FUNDS.; Guaranty Trust Transfers About $5,000,000 to Reserves.. Impact: This transfer resulted in a banking trend where every bank in the country started hoarding cash like it was the last cookie in the jar, leading to a panic that only subsided when someone finally baked more cookies.. Fact: Did you know that banks hoarding reserves is like a kid saving his allowance for a new video game? Spoiler: It usually ends in disappointment..
- Headline: The Northmen; NORTHMEN OF ADVENTURE. By Charles Marshall Smith. With illustrations and maps. 389 pp. New York: Longmans. Green & Co. $4.50.. Impact: This book sparked a revival of Viking reenactment festivals across America, which eventually led to the rise of a new cultural phenomenon: the Viking-themed burrito shop.. Fact: Did you know that the Northmen of Adventure probably had fewer adventures than you'd think? Most of their time was spent arguing over who would get to wear the horned helmet..
- Headline: PENNSYLVANIA GETS COAL RATE RESTORED; Order by I.C.C. Preserves Differential to Lake Ports Which Ohio Cut Out.. Impact: This restoration of coal rates inadvertently boosted the Pennsylvania coal industry, leading to an absurdly competitive game of 'who can build the tallest coal pile' that lasted for decades.. Fact: Did you know that coal rates can be more controversial than celebrity gossip? Well, maybe not, but they do get coal barons pretty fired up!.
- Headline: CONGRESSMEN IN OHIO FOR AKRON INQUIRY; Committee Inspects the Macon and Views Film of Ill-Fated Sister Ship.. Impact: The inquiry led to an intense fascination with airship technology, resulting in a brief period where people thought it would be cool to travel to work in a dirigibleβspoiler alert: it wasn't.. Fact: Did you know that inspecting airships is much like watching paint dry, except the paint could explode? Safety first!.
- Headline: VIENNA AND VATICAN AGREE; Cardinal Pacelli and Austrian Emissary Initial Concordat.. Impact: This agreement set the stage for future diplomatic relations that would lead to some of the most complex political maneuvers in Europe, including a few that could inspire a soap opera.. Fact: Did you know that 'concordat' is just a fancy word for 'let's agree to disagree but also collaborate'? It's like the diplomatic version of a high-five..
Wall Street Time Machine
GE
General Electric
General Electric - If you invested $1,000 in 1933, it would be worth $487,500 today (487.5x return)
KMB
Kimberly-Clark
Kimberly-Clark - If you invested $1,000 in 1933, it would be worth $147,887 today (147.9x return)