MAY 4, 1938

WEDNESDAY
$1,000 INVESTED IN COKE STOCK (KO) IN 1938
WOULD HAVE MADE YOU $7,318,352 IN THE 2025 DATASET
Min_Wage_Hourly: $0.29
Median_Home_Price: $4,300.00
Gas_Price_Avg: $0.18
Bread_Price_Avg: $0.09
Movie_Ticket_Avg: $0.29
First_Class_Stamp: $0.03
Milk_Price_Avg: $0.54
Top Movies From 1938
1 Snow White and the Seven Dwarfs
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Snow White and the Seven Dwarfs
2 Boys Town
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Boys Town
3 Alexander's Ragtime Band
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Alexander's Ragtime Band
4 Test Pilot
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Test Pilot
5 You Can't Take It with You
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You Can't Take It with You
6 Sweethearts
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Sweethearts
7 In Old Chicago
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In Old Chicago
8 The Adventures of Robin Hood
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The Adventures of Robin Hood
9 Love Finds Andy Hardy
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Love Finds Andy Hardy
10 Marie Antoinette
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Marie Antoinette
Bringing Up Baby
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Bringing Up Baby
Bluebeard's Eighth Wife
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Bluebeard's Eighth Wife
The Adventures of Marco Polo
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The Adventures of Marco Polo
Jezebel
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Jezebel
Algiers
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Algiers
Mad About Music
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Mad About Music
Merrily We Live
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Merrily We Live
The Buccaneer
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The Buccaneer
The Baroness and the Butler
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The Baroness and the Butler
A Yank at Oxford
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A Yank at Oxford
After the Thin Man
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After the Thin Man
The Good Earth
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The Good Earth
Nothing Sacred
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Nothing Sacred
The Hurricane
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The Hurricane
The Prisoner of Zenda
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The Prisoner of Zenda
Conquest
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Conquest
Heidi
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Heidi
True Confession
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True Confession
Madame X
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Madame X
May 4, 1938 Trivia
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The Story of May 4, 1938

On May 4, 1938, a significant proposal emerged in American politics as State Senator Heffernan advocated for state aid to parochial schools in New York.

Inventions & Breakthroughs of May 1938

Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.

1 Ballpoint Pen
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Ballpoint Pen
2 Atomic Fission Discovery
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Atomic Fission Discovery
3 Polytetrafluoroethylene (Teflon)
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Polytetrafluoroethylene (Teflon)
4 Duplex Transmission Radio
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Duplex Transmission Radio
5 Gas Turbine Engine Improvements
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Gas Turbine Engine Improvements
6 Automatic Telephone Switching
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Automatic Telephone Switching
7 Instant Coffee
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Instant Coffee
8 Television Camera Tube Improvements
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Television Camera Tube Improvements
9 Aircraft Cabin Oxygen Systems
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Aircraft Cabin Oxygen Systems
10 Electric Hearing Aid
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Electric Hearing Aid

The Sounds of

Popular recordings and roots/country selections associated with the year

HEADLINES ON May 4, 1938

Full News Archive

  • Headline: Heffernan's Proposal for Parochial School Aid. Impact: If this proposal had gone through, parochial schools might have become the hotbed for political debates, leading to future generations of Supreme Court justices who spent more time arguing about crayons than case law. Butterfly effect? More like a classroom riot.. Fact: In the grand scheme of things, parochial schools have produced some of the greatest minds, but let's be honest - they probably didn't start out with a state-funded lunch program..
  • Headline: Japan's Cup Tenhis in Montreal. Impact: The Cup Tennis in Montreal may have inadvertently led to Canada’s rise as a tennis powerhouse, where every six-year-old now dreams of becoming the next Canadian tennis star, complete with a moose as a mascot.. Fact: Canada’s national sport is actually hockey, but you know, tennis just seemed like a good way to get a few more tourists in flip-flops..
  • Headline: Defending French Interests in Morocco. Impact: This case at the World Court might have set off a chain reaction of international law debates, leading to a future where lawyers are the new rock stars, and courtroom dramas are the hottest reality shows.. Fact: Who knew that defending a colonial monopoly could be so exciting? I guess that's how the French roll - with a side of world dominance and a baguette..
  • Headline: $21,980,069 IS SOUGHT FROM COLUMBIA GAS; Trustee for Kentucky Fuel Gas Asks for Triple Damages. Impact: Suing for triple damages may have inspired a whole generation of lawyers to think they could get rich quick, resulting in an explosion of legal dramas, all while the rest of us just wanted to know who let the dogs out.. Fact: If only I could sue for triple damages every time I stubbed my toe. I'd be a millionaire by now..
  • Headline: Hull Welcomes Pact on China. Impact: Hull’s warm welcome for the pact on China might have inadvertently led to an increase in tea consumption in the U.S., making Americans the most caffeine-fueled population in history, all thanks to a radio broadcast.. Fact: The U.S. loves a good radio announcement; it's like a soap opera for people who can’t stand daytime TV..
  • Headline: TWO NEW BISHOPS HONORED IN JERSEY; Eustace Greeted in Camden and McLaughlin in Paterson. Impact: Honoring two new bishops in Jersey might have created a butterfly effect of holiness that would lead to a generation of very confused children who thought 'Bishop' was a new gaming character.. Fact: In Jersey, the only thing more common than a bishop is a 'New Jersey' accent. Good luck understanding either one..
  • Headline: FRANCE INCREASES ALL ARMED FORCES; Daladier Decrees Addition of 4,712,500,000 Francs Credit to Get Larger Man Power Two New Battleships FRANCE INCREASES ALL ARMED FORCES Daladier's Chief Concern Plane Purchase Foreseen. Aim to Restore Income To Stimulate Production Combats Flight of Capital Credit Extension Planned. Impact: Daladier's decree to increase armed forces may have made France the world's leading expert in military budgets, inadvertently causing future politicians to spend more time crunching numbers than actually keeping peace.. Fact: You know you're in trouble when your military budget is larger than your national budget. But hey, at least they’ll have the best-equipped paperweights..
  • Headline: Austrian Press Gets Nazi Chief. Impact: The appointment of a Nazi chief in the Austrian press may have catalyzed a series of unfortunate events, where journalism became less about the truth and more about who could yell the loudest. Welcome to the modern media landscape.. Fact: If only they had known that appointing a Nazi to any position was a terrible idea. Spoiler alert: it didn’t end well..
  • Headline: CHINESE ATTACKSPIERCE ENEMY LINE IN SOUTH SHANTUNG; Defenders Plan to Destroy the Invaders' Vanguard Before Reinforcements Arrive 800,000 READY FOR DRIVE Meanwhile Japanese Advance in Rear of Lung-Hai Road and West of Nanking Japanese Retreat Reported CHINESE ATTACKS PIERCE ENEMY LINE CHINESE ATTACKS PIERCE ENEMY LINE Hope to Crush Invaders. Impact: The Chinese attacks on the enemy line could have sparked a trend in military strategy, where future generals would become obsessed with the idea of 'breaking through' like it was a game of dodgeball.. Fact: Let’s just say the only thing tougher than breaking through enemy lines is convincing your grandma you didn’t eat all the cookies during the family gathering..
  • Headline: 14 Hungarian Nazis Arrested. Impact: The arrest of Hungarian Nazis might have been the first step in a long and winding road towards a world that eventually realizes that Nazis are generally not great dinner guests.. Fact: In Hungary, they say, 'When in doubt, arrest a Nazi.' It’s a solid rule that still stands today. Who knew?.

Wall Street Time Machine

The Right Call: If you'd invested $1,000 in any one of these companies in 1938, here's what the stored 2025 dataset estimates.
Rank #1
JNJ
Johnson & Johnson
Price in 1938
$0.06
2025 dataset value
$3,433,940

Johnson & Johnson - If you invested $1,000 in 1938, it would be worth $3,433,940 today (3433.9x return)

Rank #2
PG
Procter & Gamble
Price in 1938
$0.25
2025 dataset value
$586,656

Procter & Gamble - If you invested $1,000 in 1938, it would be worth $586,656 today (586.7x return)

Rank #3
CVX
Chevron
Price in 1938
$0.31
2025 dataset value
$474,914

Chevron - If you invested $1,000 in 1938, it would be worth $474,914 today (474.9x return)

🦸 Top 5 Comics
Action Comics #1
Action Comics #1
$8,000
Detective Comics #16
Detective Comics #16
$10,200
Adventure Comics #32
Adventure Comics #32
$50,000
Famous Funnies #47
Famous Funnies #47
$1,200
The Funnies #12
The Funnies #12
$42,000
🧸 Top 5 Toys
Scrabble
Scrabble
$250.00
MÀrklin Electric Trains
MÀrklin Electric Trains
$300.00
Monopoly
Monopoly
$200.00
Tinkertoys
Tinkertoys
$150.00
Radio Flyer Wagon
Radio Flyer Wagon
$120.00
⚾ Top 5 Trading Cards
1938 Gum Inc. Horrors of War #1 It's War
1938 Gum Inc. Horrors of War #1 It's War
$2,500
1938 Churchman's Boxing Personalities Joe Louis
1938 Churchman's Boxing Personalities Joe Louis
$32,000
1938 Wills's Three Castles Film Stars Clark Gable
1938 Wills's Three Castles Film Stars Clark Gable
$80,000
1938 Player's Cigarettes Film Stars Second Series Charlie Chaplin
1938 Player's Cigarettes Film Stars Second Series Charlie Chaplin
$250,000
1938 Gallaher Famous Cricketers Don Bradman
1938 Gallaher Famous Cricketers Don Bradman
$15,000