MAY 5, 1938

THURSDAY
$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 5, 1938 Trivia
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The Story of May 5, 1938

On May 5, 1938, significant political developments unfolded in Australia with the discussion of a new Social Aid Bill aimed at addressing welfare provisions.

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 5, 1938

Full News Archive

  • Headline: Australia's 1938 Social Aid Bill Introduction. Impact: This seemingly innocuous bill led to a series of governmental social programs that, several decades later, would spark the rise of a cult that believed in mandatory government-sponsored barbecues for all citizens. Who knew a social aid bill could lead to a nation obsessed with sausages?. Fact: Australia was originally founded as a penal colony, so clearly, they’ve come a long way from just aiding the previously condemned to now aiding the entire population with social programs. Progress!.
  • Headline: Attorney Fined for Contempt of Court. Impact: This event caused the legal profession to adopt the motto 'Always sit down before you open your mouth' as a means of self-preservation. It’s rumored that a secret society of lawyers is still enforcing this rule to this day.. Fact: In today's dollars, that fine would be about $1,500. Who knew that sitting down could be such an expensive venture?.
  • Headline: Protest Responses Undeliverable in 1938. Impact: This event kickstarted the creation of a new postal service dedicated solely to delivering protest letters, which ultimately led to the world’s largest collection of unopened angry mail, now displayed in a museum dedicated to congressional inefficiency.. Fact: The irony is that in the age of email and social media, it’s still just as hard to reach your representative. Some things never change!.
  • Headline: Countess Barbara Fixes Tax. Impact: This noble act of tax fixing led to the establishment of a royal tax advisory service that would eventually result in an entire dynasty of tax advisors who never understood the meaning of 'no.'. Fact: Countesses rarely fix tax issues; they usually just throw lavish parties instead. So kudos to Countess Barbara for being the exception!.
  • Headline: LINER LAFAYETTE DESTROYED BY FIRE; Flames Sweep Vessel While in Drydock at Havre--Oil Tanks Explode LINER LAFAYETTE DESTROYED BY FIRE Vessel Built in 1929 American by Adoption". Impact: The destruction of the Liner Lafayette led to stricter safety regulations in shipbuilding, which ironically resulted in more ships sinking due to boredom rather than fire. Thank you, bureaucracy.. Fact: This tragedy served as a stark reminder that even ships built by the finest craftsmen can meet a fiery end. Always check the fire alarms, folks!.
  • Headline: POPE DISAPPROVES SWASTIKAS IN ROME; Among 'Sad Things' He Regrets Flying 'of a Cross That Is Not the Cross of Christ' Racial Studies Printed. Impact: This disapproval sent shockwaves through the ranks of extremist groups, leading to the bizarre phenomenon of them switching to unicorns as their symbol in protest. Unicorns became the unofficial symbol of bad taste.. Fact: The Pope has had a busy schedule disapproving things; from swastikas to pop music, he's basically the world’s grumpiest DJ!.
  • Headline: LEVINE PLEAWINS PLOTTER LENIENCY; Not Seeking Revenge, Father of Kidnapped Boy Says in Extortionist's Behalf YOUTH TO REFORMATORY He Escapes Long State Prison Term--Confederate to Be Sentenced Today Confers With the Court Two Sought for Attack Here. Impact: This case led to the unexpected rise of leniency in sentencing, which eventually spiraled into a nationwide trend of criminals becoming motivational speakers. 'I did my time; now let me tell you how to avoid doing yours!'. Fact: It’s often said that mercy is a virtue, but in this case, it might just be a way of avoiding a really awkward family reunion..
  • Headline: FARR SAILS FOR WALES; Heavyweight Hopes to Arrange a Bout in England. Impact: This boxing trip inadvertently inspired a new generation of wrestlers who believed that if they could just yell loudly enough, they could claim any country as their own wrestling ring. The world’s been wrestling with this ever since.. Fact: Boxers traveling to arrange bouts is just the ancient equivalent of professional athletes seeking vacation spots. Nothing says 'I’m here to fight!' like a trip to Wales..
  • Headline: COSTA RICA RAISES TAX; Increases Valuation of Electric Properties for Back Levies. Impact: This tax increase led to an underground movement of citizens trying to generate their own electricity using only coconuts and sheer will, which baffled scientists and resulted in a few new energy drinks.. Fact: Costa Rica is known for its biodiversity, but it turns out they also have a knack for creative tax solutions. Who knew taxes could be so... tropical?.
  • Headline: ASSAILS 'FASCISM' IN MEDICAL FIELD; Dr. Cabot of Mayo Clinic Hits 'Organized Medicine' in Talk to Health Association FAVORS GROUP PRACTICE He Calls It the Only System for Putting Adequate Care in the Reach of the Majority Calls Isolation Wasteful Hits "Unfair Competition" Plea" Assails Control as "Fascism". Impact: Dr. Cabot’s fiery rhetoric catalyzed a revolution in medical practices, leading to a future where doctors would become the rock stars of society, complete with fan clubs and merchandise. Scrubs became the new leather jackets.. Fact: In the world of medicine, calling something 'fascism' is like calling your ex's cooking 'interesting'β€”you know it’s a disaster, but you’re just trying to be polite..

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