Breakthroughs and everyday innovations from the year.
HEADLINES ON July 16, 1938
Full News Archive
- Headline: Exploring Recent Religious Publications. Impact: The rise of religious books led to a secret society of laymen who believed they were the chosen ones to interpret everything incorrectly. They held weekly meetings involving snacks and wild theories.. Fact: The best-selling religious book of all time is still the one that promises to reveal the true meaning of lifeβspoiler alert: itβs always about the snacks..
- Headline: 1938 Jersey Freak Storm Devastation. Impact: This freak storm inadvertently led to the invention of the 'Hurricane Party,' where people gather to celebrate the chaos with drinks, snacks, and questionable decisions.. Fact: Rabbi drowning in a freak storm? Sadly, it wasnβt the first time someone failed to heed weather warnings while trying to catch the biggest fish..
- Headline: Pasch Wins at Newmarket. Impact: Pasch's win at Newmarket inspired a generation of underdogs, eventually leading to an annual event where everyday people compete in bizarre races like running in inflatable costumes.. Fact: Pasch is probably still winning races in alternate dimensions where time works differentlyβlucky him!.
- Headline: DEPOSITS STEADY IN SAVINGS BANKS; State Association Finds Gain in Quarter Made Up of Previously Unstated Amount DECLINE IN OPEN ACCOUNTS Was 20,689 in Year--Nearly 40% of Dividends Earned in Period Left in Institutions. Impact: The steady deposits in savings banks led to a new trend of people proudly boasting about their savings accounts on social media, resulting in a generation of very boring Instagram feeds.. Fact: Nearly 40% of dividends being left in institutions is just a fancy way of saying people are too lazy to move their moneyβmoney thatβs practically begging for a vacation!.
- Headline: JACK-DUNN, ICE STAR, DIES OF RARE DISEASE; Captain of 1936 British Olympic Team Stricken in Hollywood. Impact: Jack Dunnβs untimely passing created an influx of ice-skating tributes that somehow made their way into the Olympics, culminating in a bizarre event called 'The Dunn Dash.'. Fact: Dying from a rare disease is certainly a way to make headlines, but it probably didnβt involve the fanfare he deserved as one of the most chill Olympic captains..
- Headline: WILLIAM E. DALTON; Chief Clerk of the City Board of Transportation Was 54. Impact: Dalton's death led to a sudden surge in people claiming to be 'transportation experts,' causing a traffic nightmare that lasted for decadesβthanks, bureaucracy!. Fact: Being a Chief Clerk sounds important, but itβs really just a glorified title for someone who knows how to file things correctly..
- Headline: LAWRENCE E. KIRWIN, HEAD OF OIL CONCERN; Owner of Garden City Company Dies-Hempstead Banker. Impact: Kirwin's passing led to a series of intense power struggles in the oil industry, ultimately resulting in the rise of 'oil barons' and their questionable mustaches becoming a fashion statement.. Fact: When oil tycoons started dying off, it was like the universe was trying to tell them that over-extraction was not the way to goβapparently, no one listens to the environment..
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)