Breakthroughs and everyday innovations from the year.
HEADLINES ON January 11, 1935
Full News Archive
- Headline: Pinehurst's Historic Foursome Victory. Impact: The victory at Pinehurst inspired a generation of women to take up golf, which eventually led to the invention of the golf cart. It's widely believed that the first golfer to use one was actually just too lazy to walk the course, forever changing the game.. Fact: Golf was once banned in Scotland because it was thought to distract soldiers from archery practice. Imagine if they had known about golf carts!.
- Headline: Fisch Family Departure from Leipzig. Impact: The Fisch siblings leaving Leipzig sparked a trend of families fleeing to find better opportunities, which later led to an influx of immigrants bringing bagels to America. Yes, thatβs right, bagels might just be the result of a family road trip gone international.. Fact: Leipzig is known as the city of music, but I guess they decided that a life of jazz wasn't as appealing as a life of mystery in America..
- Headline: Union League Advocates for Dollar Stability. Impact: The Union League's plea for a stabilized dollar inadvertently led to a future of politicians arguing over economic policies in increasingly dramatic ways. Little did they know, this would pave the way for countless late-night comedy sketches.. Fact: The idea of a stable currency has been around longer than most peopleβs attention spans during a political debate. Good luck with that!.
- Headline: BANK OF ENGLAND INCREASES RESERVE; Ratio Rises to 42.79% From 35.37% in Week -- Sharp Drop in Circulation.. Impact: The increase in the Bank of England's reserve ratio triggered a wave of fiscal conservatism that swept across nations. Itβs almost as if they finally learned how to save for a rainy dayβtoo bad the weather forecast was never right.. Fact: The Bank of England was founded in 1694, and itβs been trying to keep things together ever since. Who knew being a bank could be so dramatic?.
- Headline: William Roper Estate $6,351.. Impact: The adjudication of William Roper's estate set a precedent for future generations on how not to mismanage wealth, reminding us all that leaving a mess behind doesn't just apply to your living room.. Fact: Estate planning is like planning a surprise partyβbut for your money. If only we could just party with it instead..
- Headline: FATHER IS ACCUSED OF BEATING HIS BABY; Mother Says Husband Punched Infant Because It Cried -- He Is Held in $1,000 Bail.. Impact: The accusation against the father for beating his baby led to a societal reckoning that would eventually influence child protection laws. This unfortunate event reminds us that sometimes the worst of humanity leads to the best of legal reforms.. Fact: Child protection laws have come a long way, but wouldn't it be nice if we could just skip the part where people need to be told not to hit babies?.
- Headline: BOOKS OF THE TIMES; BY JOHN CHAMBERLAIN. Impact: John Chamberlain's literary musings added fuel to the fire of future authors, causing a literary explosion that led to the rise of countless writing workshopsβmostly filled with people who only came for the free coffee.. Fact: Chamberlain's name sounds more like a fancy hotel than a serious literary figure. I guess we all have our roles to play..
- Headline: CITY'S CREDIT GAIN, SAYS MAYOR, HALTED 'WAVE OF DEFAULTS'; Asserts Rehabilitation Here Was Fiscal Turning Point All Over Nation.. Impact: Mayor LaGuardia's assertions about the city's credit gain inadvertently set the stage for future politicians to make grand proclamations about financial recovery while all secretly wishing they could just win the lottery instead.. Fact: LaGuardia was known for his bold declarations, but let's face itβpoliticians declaring credit gains is the equivalent of a kid claiming they cleaned their room when they just shoved everything under the bed..
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Kimberly-Clark
Kimberly-Clark - If you invested $1,000 in 1935, it would be worth $147,887 today (147.9x return)
IBM
IBM
IBM - If you invested $1,000 in 1935, it would be worth $205,272 today (205.3x return)