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 May 12, 1938
Full News Archive
- Headline: Evian Conference on Refugees in 1938. Impact: Little did they know that this meeting would lead to an influx of refugees who would go on to invent the croissant, thus changing breakfast forever. Who knew a pastry could be so politically charged?. Fact: Did you know that Evian is also the name of a fancy bottled water? Because nothing says 'let's solve humanitarian crises' like sipping on overpriced H2O..
- Headline: Albany Transit Unity Proposal Advances. Impact: This proposal led to the establishment of transit systems that would eventually get folks to work just in time to be late. Talk about a time-saving paradox!. Fact: Fun fact: The only thing moving faster than this proposal's progress was the procrastination of the people actually using the transit system..
- Headline: Unions Challenge News Guild Certification. Impact: This dispute over union jurisdiction would eventually lead to a never-ending cycle of protests, meetings, and coffee breaks that would define American labor relations for decades. Truly, a classic case of 'how to make a mountain out of a molehill.'. Fact: Did you know that the only thing more convoluted than union regulations is the instruction manual for assembling IKEA furniture?.
- Headline: High School Pupils Strike. Impact: The studentsβ strike over a teacher's release would usher in a new era of youth activism. Who knew that skipping class could lead to real change? Although, it probably didn't change the fact that they still had to take finals.. Fact: Striking high schoolers: the original influencers. They paved the way for future generations to protest everything from cafeteria food to dress codes..
- Headline: HOUSE PASSES TAX BILL EXPECTED TO AID BUSINESS; GOES TO ROOSEVELT TODAY; VOTE IS 242 TO 89. Impact: This tax bill would later be lauded by businesses and despised by the average Joe, proving yet again that in politics, the rich get richer while the poor get... well, poorer.. Fact: Did you know that the average tax bill is less popular than a root canal? At least the dentist gives you a lollipop afterward..
- Headline: BARKLEY BILL OPPOSED; Chamber of Commerce Urges Its Rejection by Congress. Impact: The rejection of the Barkley Bill would lead to increased lobbying efforts, further entrenching the idea that money talks louder than constituents. Welcome to democracy, where the loudest voices have the thickest wallets!. Fact: Fun fact: The Chamber of Commerce is the only place where 'business as usual' means 'we're actively ignoring your needs.'.
- Headline: CROPS IN ARGENTINA WELL BELOW YEAR AGO; Wheat Off 25.8 and Rye 52.9%--Heavy Loss in Foreign Trade. Impact: The decline in crop yields would lead to global food shortages, prompting countries to rethink their agricultural strategies. Who knew that a loaf of bread could spark international diplomacy?. Fact: Did you know that wheat and rye are basically the Kardashians of grains? They get all the attention while the lesser-known grains sit in the corner wondering when it's their turn..
- Headline: ASK HOLC MORATORIUM; New York, Jersey Representatives Call on James Roosevelt. Impact: The call for a moratorium would lead to a series of financial policies that tried to put a Band-Aid on a bullet wound. Spoiler alert: it didnβt work.. Fact: Did you know that asking for a moratorium is like asking your parents for a time-out? It usually just leads to more chaos in the long run..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1938, it would be worth $3,433,940 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1938, it would be worth $586,656 today (586.7x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1938, it would be worth $474,914 today (474.9x return)