Breakthroughs and everyday innovations from the year.
HEADLINES ON July 20, 1934
Full News Archive
- Headline: Decline in Liquor Revenue Discussed. Impact: The drop in liquor revenue sparked a nationwide search for alternative vices, leading to the rise of knitting clubs and an inexplicable increase in cat ownership. Who knew sobriety could lead to more cats?. Fact: Did you know that knitting is statistically proven to be 73% less exciting than a night out at the bar?.
- Headline: Liquor Ban Lifted in Canal Zone. Impact: The lifting of the liquor ban in the Canal Zone led to an unexpected boom in tourism, resulting in Panama becoming the go-to destination for those who wanted a cocktail with a side of canal history. Cheers to infrastructure!. Fact: Fun fact: Panama once considered making the cocktail their national drink, but then realized it might not pair well with their famous canal..
- Headline: Aviation Emergency on Lake Erie. Impact: This unfortunate incident led to the development of a new safety protocol that eventually inspired the creation of modern flight attendant training programs, which now include a segment on how to handle flaming situations. Literally.. Fact: Did you know that Cleveland was once the hot spot for aviators? Literally. They just had to be careful not to catch fire..
- Headline: Reich Bans Foreign Papers.. Impact: The ban on foreign papers led to a significant increase in underground publications, sparking a revolution of news that would eventually lead to the rise of independent journalism and, ironically, a thriving black market for information.. Fact: Ironically, the only paper that thrived during the ban was the one that reported exclusively on how to sneak into movie theaters..
- Headline: FIRE IN JAMESTOWN TAKES $100,000 TOLL; Flames Spread From Varnish Works and Destroy Several Hundred Tons of Coal and Coke. Special to THE NEW YORK TIMES.. Impact: The fire in Jamestown caused a temporary economic setback, but also led to stricter regulations on industrial safety, ultimately saving countless lives in future manufacturing disastersβbecause nothing says 'lesson learned' like a good fire.. Fact: Did you know that this fire was one of the catalysts for modern fire safety regulations? So, in a way, thank you, flames..
- Headline: ELKS BRAVE 107 HEAT.; Lodge Members Parade In Kansas City -- Officers Installed.. Impact: The Elks' parade in extreme heat resulted in a newfound appreciation for air conditioning in social clubs and laid the groundwork for every future outdoor event to have a contingency plan involving shade, water, and ice packs.. Fact: Did you know that the Elks are just one of many organizations that have paraded through history? They should probably get a medal for braveryβor at least a cold drink..
- Headline: WANAMAKERS SUE FOR STORE INCOME; Three Children of Rodman Say Trustees Take Big Fees, but Pay Them Nothing. DEMAND RETURN OF CASH Diversion of Assets Charged by Beneficiaries, Who Say They Must Borrow to Live.. Impact: This lawsuit led to a series of reforms in the management of trusts and estates, making it harder for trustees to pocket cash while beneficiaries starve, creating a new generation of lawyers who specialized in 'Don't be a jerk with other people's money.'. Fact: Did you know that trust fund kids are basically the original influencers? Only instead of Instagram followers, they have lawyers..
- Headline: SMITH FORCES LOSE AS BOROUGH RULE IS KEPT IN CHARTER; Commission Upholds Part of Report by Subcommittee Giving Wide Authority.. Impact: The decision to keep borough rules intact led to a long-drawn debate about local governance, resulting in the creation of numerous local committees that ultimately achieved nothing except for endless meetings and a series of coffee mugs that say 'Official Committee Member.'. Fact: Did you know that local governance meetings are the only place where people can feel important while accomplishing absolutely nothing? Welcome to politics!.
Wall Street Time Machine
KMB
Kimberly-Clark
Kimberly-Clark - If you invested $1,000 in 1934, it would be worth $147,887 today (147.9x return)
IBM
IBM
IBM - If you invested $1,000 in 1934, it would be worth $205,272 today (205.3x return)