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 October 7, 1937
Full News Archive
- Headline: Croats and Serbs Reach Accord. Impact: This agreement led to decades of fragile peace, but had it not happened, perhaps the world's hot sauce production would have been much less spicy due to fewer culinary influences from the Balkans. Who knew diplomacy could affect your nachos?. Fact: Did you know that agreements like this often come with secret clauses? In this case, it probably involved agreeing to share the best coffee brands. Just kidding, but wouldn't that be nice?.
- Headline: O'Leary's Cow: The Chicago Fire Story. Impact: If O'Leary's cow had never kicked over that lantern, Chicago might still be a quaint little town instead of the sprawling metropolis we know today. Imagine the impact on hot dog standsβless fire, more buns!. Fact: The legend goes that O'Leary's cow was never actually blamed in court. Turns out cows make terrible witnesses!.
- Headline: Texas House Demands Action on Cotton Prices. Impact: This plea for congressional action created a chain of events that resulted in the rise of cotton-themed merchandise. Now we can't escape cotton candy, cotton t-shirts, and cotton swabs. Thanks, Texas!. Fact: Cotton was once so valuable that it was used as currency in some places. Now it's just for making comfy pajamas..
- Headline: BOARD OF TRADE WARNED; Cargill, Inc., Threatens Court Action if Corn Inquiry Hits It. Impact: Cargill's threats sparked a wave of legal dramas in the agricultural sector, leading to the birth of the 'Farmers vs. The System' reality show. Spoiler alert: nobody wins.. Fact: Cargill is one of the largest privately-held corporations in the U.S. So when they threaten court action, itβs like a toddler throwing a tantrumβeveryone pays attention..
- Headline: DENMARK'S BUDGET RISES; 475,000,000 Kroner Total for 1938-39 Is Record. Impact: This budget increase eventually led to the rise of Denmark as a model for social services and welfare. Little did they know, they'd be the envy of nations and the butt of many 'hygge' jokes.. Fact: Denmark consistently ranks as one of the happiest countries in the world. Perhaps itβs the budget or maybe it's just the pastries!.
- Headline: ASK $50,000 FOR PRIEST; Bandits in Manchukuo Hold Rev. Gerard Donovan of Maryknoll. Impact: This incident highlighted the dangers faced by clergy in conflict zones, and inadvertently set a precedent for religious leaders to start carrying insurance policies that cover abduction. Talk about a holy investment!. Fact: Kidnapping for ransom has been a thing since ancient times. The only difference now is that thereβs a social media campaign about it..
- Headline: WINDSORS WILL VISIT BERLIN NEXT MONDAY; Study of Housing Will Be Made in Capital and in Hamburg, Frankfort and Mannheim. Impact: This royal visit sparked interest in international housing standards, leading to a global obsession with real estate shows. Thanks, Windsors, for making us all appreciate our studios and one-bedroom apartments!. Fact: The Windsors visiting Berlin may have been a diplomatic move, but letβs be honestβeveryone knows they were just there for the pretzels..
- Headline: SEC FIGHTS UTILITY MOVE; Seeks Limited Intervention In Power and Light Case. Impact: The SEC's involvement in this case led to a domino effect of regulatory oversight, making it almost impossible for utility companies to throw surprise rate hikes. In other words, they actually have to ask nicely now.. Fact: The SEC once had a strict dress code. Now they just require you to show up. Thatβs progress, right?.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1937, it would be worth $3,433,941 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1937, it would be worth $586,657 today (586.7x return)