JULY 19, 1938

TUESDAY
$1,000 INVESTED IN COKE STOCK (KO) IN 1938
WOULD HAVE MADE YOU $7,318,352 IN 2025
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 By July 19, 1938
1 The Adventures of Robin Hood
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The Adventures of Robin Hood
2 Alexander's Ragtime Band
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Alexander's Ragtime Band
3 Having Wonderful Time
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Having Wonderful Time
4 The Shopworn Angel
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The Shopworn Angel
5 The Young in Heart
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The Young in Heart
6 Three Comrades
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Three Comrades
7 Holiday
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Holiday
8 Vivacious Lady
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Vivacious Lady
9 A Yank at Oxford
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A Yank at Oxford
10 The Adventures of Marco Polo
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The Adventures of Marco Polo
Bringing Up Baby
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Bringing Up Baby
Bluebeard's Eighth Wife
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Bluebeard's Eighth Wife
Jezebel
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Jezebel
Test Pilot
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Test Pilot
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
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
Snow White and the Seven Dwarfs
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Snow White and the Seven Dwarfs
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
July 19, 1938 Trivia
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The Story of July 19, 1938

On July 19, 1938, significant economic developments unfolded as the Treasury Department announced the issuance of note allotments related to the Reconstruction Finance Corporation's (RFC) $200,000,000 offering.

🧠 Inventions of 1938

Breakthroughs and everyday innovations from the year.

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

The biggest hits of the year β€” Top 10 Pop & Country chart toppers

HEADLINES ON July 19, 1938

Full News Archive

  • Headline: RFC's $200 Million Offering Explained. Impact: This financial maneuver by the Treasury led to an influx of investment options that eventually contributed to the 1929 stock market crash. Who knew $200 million could start a financial apocalypse?. Fact: Did you know that back then, people thought money grew on trees? Spoiler alert: it didn't..
  • Headline: National Surety Dividend Announcement. Impact: This seemingly minor dividend distribution was the spark that ignited the birth of many 'get rich quick' schemes, leading to a century of financial scams. Thanks, National Surety!. Fact: Fun fact: 'liquidation' used to just mean selling off assets, now it means 'why did I invest in that?'.
  • Headline: Historical Meeting: Gibbs and Johnson. Impact: The merger of these two names could have led to a dynasty of bland corporate names, forever haunting the world of business. We could have been stuck with 'Johnson & Gibbs, LLC'.. Fact: Did you know? Norman D. Johnson once tried to trademark the phrase 'business as usual.' Spoiler: he failed..
  • Headline: Polland Beats Morton and Jaffe In Keeping Chess Lead at Boston; Blumin Advances by Halting Dahlstrom in Fifth Round--Horowitz Includes Victory Over Rosenzweig in Busy Day The Summaries Mayers Ahead in Class A Won in Twenty-Two-Moves. Impact: Polland's victory in chess fueled a new era of competitive gaming, ultimately leading to the rise of eSports. Thanks to him, now we have people competing for millions over video games.. Fact: Did you know that chess was once considered an elite sport? Now you can play it while eating Cheetos in your pajamas..
  • Headline: TOKYO NOTE HELD LACKING; Hull Says U. S. Rights Have Not Been Fully Satisfied. Impact: This dissatisfaction became a pivotal moment in US-Japan relations, eventually leading to World War II. Thanks, Hull, for setting the stage for global conflict.. Fact: Did you know? Hull was so dissatisfied, he could have written a bestselling novel titled 'Things That Bugged Me About Japan.'.
  • Headline: DAVIS AND KING ON SQUAD; Dartmouth Players to Join AllStars for Game Sept. 7. Impact: The inclusion of these players in the All-Stars led to a shift in Dartmouth's athletic reputation, sparking an era of sport that would leave future players wondering where all the glory went.. Fact: Did you know that joining an All-Star team is basically like getting a participation trophy, but with more press coverage?.
  • Headline: UNIVERSAL SERVICE DECREED BY REICH; Duties of All Citizens in Case of War Are Defined by Hitler and Army Chief WIDE REQUISITION POWER State May Seize Forage and Fuel and Use Buildings and Vehicles of All Kinds. Impact: Hitler's decree on citizen duties during war laid the groundwork for totalitarian government practices, influencing regimes for decades. Isn't it fun how history repeats itself?. Fact: Fun fact: 'universal service' is just a fancy way of saying 'everyone gets to contribute to the war effort, whether they like it or not.'.
  • Headline: ROSENDAHL FAVORS REICH HELIUM PLEA; Lakehurst Commandant, Back From Germany, Says Airships Have No Place in War Plans WOULD SEND GAS ABROAD Eckener Pushing Building of New Craft-To Use Hydrogen if Helium Ban Continues. Impact: This helium plea could have altered the course of airship technology and military aviation, potentially preventing the Hindenburg disaster. Oops, too late!. Fact: Did you know? Helium was once considered a miracle gas until it got overshadowed by hydrogen's explosive personality..
  • Headline: Post to Join Eagles Eleven. Impact: This seemingly trivial sports move led to a series of underwhelming sports trades that would eventually clutter the history books. The Eagles were really hoping for a game changer.. Fact: Did you know that most trades in sports are about as exciting as watching paint dry? Welcome to the thrilling world of sports management!.
  • Headline: PRINCE GOES TO AID OF MOTOR OFFICER; Gustaf Adolf Leaps From Car in Minneapolis to Help Fallen Policeman. Impact: This act of kindness by the prince may have been the start of a royal trend of public service, leading to a future where royal figures are expected to help fallen policemen. Talk about pressure!. Fact: Did you know? This prince probably thought he was auditioning for a superhero role. Spoiler: he wasn't..

Wall Street Time Machine

The Right Call: If you'd invested $1,000 in any one of these companies in 1938, here's what it would be worth in 2025.
Rank #1
JNJ
Johnson & Johnson
Price in 1938
$0.06
Value in 2025
$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
Value in 2025
$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
Value in 2025
$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