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HEADLINES ON June 20, 1936
Full News Archive
- Headline: House Approves New Tax Legislation. Impact: The passage of this tax bill led to a series of financial regulations that would eventually spiral into the 2008 financial crisis. Who knew a little tax tweak could have such a catastrophic impact? But hey, at least Congress got to adjourn for the night, right?. Fact: Did you know that the last time Congress stayed up this late, they were just trying to find out if they could legally change the definition of 'bipartisan' to mean everyone agrees with them?.
- Headline: OLYMPIC PARTICIPATION; Writer Feels That U.S. Entry This Year Violates Americanism.. Impact: The backlash against U.S. Olympic participation led to a surge in isolationist sentiment that would influence American foreign policy for decades. Because nothing says 'patriotism' like watching the world compete while you sit on the sidelines.. Fact: Did you know that some folks believed that participating in the Olympics was a violation of Americanism? Obviously, they never realized that 'Americanism' includes a healthy dose of competitive spirit—unless it involves actual competition..
- Headline: Four Blue Ribbons Go to Benson Entries As Keen Contests Mark Plainfield Show; Special to THE NEW YORK TIMES.. Impact: Benson's blue ribbons became a status symbol, leading to a rise in overzealous animal breeding and creative contest categories. Soon, 'Best Pig' would become the most coveted title in rural America.. Fact: Did you know that winning a blue ribbon can make you feel like a celebrity? Just ask any goat; they’ll tell you their life changed overnight after that award!.
- Headline: 12 CHILDREN DROWN ON SCHOOL PICNIC; Three Others and Man, 70, Are Rescued When Boat Upsets in Lake Gardner, Me. WIND BLAMED FOR TRAGEDY Victims Were Among 100 Who, With Teachers, Were Celebrating End of Classes. 42 CHILDREN DROWN ON SHOOL PICNIC. Impact: This tragic event prompted stricter safety regulations for school outings, ensuring that future generations would have fewer opportunities to experience the thrill of a school picnic. Thanks, wind!. Fact: Did you know that this incident led to more stringent safety measures? Nothing like a tragedy to spark bureaucratic red tape—because why risk fun when you can have a waiver?.
- Headline: CICELY (LK /ED TO W. L. O'])ONOYAI; Ceremony TakesPlace in the Rectory of Our Lady of Sorrows Church. MGR. SCANLAN OFFICIATES White Plains Event Is Followed by a Reception Held at the Home of Bride's Parents.. Impact: This wedding ceremony set off a chain of events that would lead to the formation of a highly influential family in the local community. Because nothing says 'influence' like a church reception!. Fact: Did you know that weddings are basically just a legal way to throw a big party? And here we thought the cake was the highlight!.
- Headline: Corvette Handicap Easily Captured by Phillip's Fair Stern at Aqueduct; MR. BONES CHOICE TO WIN THE DWYER J.H. Whitney's Racer Heads Field of Six Named for Aqueduct Test Today. JEAN BART HAS SUPPORT Gean Canach Another Strong Runner -- Fair Stein Beats Kate, 1-2, by Six Lengths.. Impact: Phillip's Fair Stern's victory in this race would lead to a newfound obsession with horse racing, resulting in a multi-billion dollar industry. Because betting on horses is obviously the best way to support local economies.. Fact: Did you know that horse racing is the only sport where you can lose your shirt while wearing one? Talk about high stakes!.
- Headline: SCHACHT DIVIDES 28 BY 7 AND GETS 13; When Hitler Challenges Him He Proves Point by Addition -- At Least That's the Story. BUT IT'S JUST AN OLD GAG Reichsbank President Implies He Has to Know All the Tricks to Keep Nazi Germany Going.. Impact: Dr. Schacht's arithmetic trick was just the tip of the iceberg; it led to a series of increasingly absurd claims by Nazi officials trying to justify their actions with dubious math. 'If we can add numbers, we can add territories!'. Fact: Did you know that in Nazi Germany, the only thing less reliable than their arithmetic was their grasp on human decency? But hey, at least they could count on each other—sort of..
Wall Street Time Machine
IBM
IBM
IBM - If you invested $1,000 in 1936, it would be worth $205,272 today (205.3x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1936, it would be worth $3,433,942 today (3433.9x return)