Breakthroughs and everyday innovations from the year.
HEADLINES ON August 28, 1938
Full News Archive
- Headline: Loan Bank Conference in Washington D.C.. Impact: If those loan bank officials had just decided to meet at a coffee shop instead of Washington, we might have seen a rise in barista-led economic policies. Just imagine a latte-fueled financial system!. Fact: In the 1930s, you could get a home loan with a handshake and a promise. Now, good luck getting a mortgage without selling your soul!.
- Headline: Jamaica Man Convicted in Race Fixing Scandal. Impact: This race-fixing scandal sent shockwaves through the betting community. The ripple effect? A sudden increase in underground racing, leading to the invention of the 'secretive squirrel' betting club.. Fact: Race fixing has been around since the Romans, proving that when it comes to unethical gambling, humans are nothing if not consistent!.
- Headline: Wallace Advocates for Global Farm Pact. Impact: Wallace's proposals led to an unexpected boom in global agriculture. Who knew that a bunch of experts could set off a worldwide obsession with organic kale?. Fact: The term 'world farm pact' sounds like it could either save the planet or make it a giant farmers' market. Spoiler: It was more like the latter!.
- Headline: NEWS FROM EUROPE BUOYS THE DOLLAR; $10,250,000 Gold Engaged in England for Shipment Here. Impact: The dollar's buoyancy after this gold shipment might have led to a gold rush of investment in ridiculously overpriced avocado toast. Who knew avocados would become the new gold?. Fact: Gold was once used as currency, but now it just sits in vaults while people pay $10 for a slice of toast topped with it!.
- Headline: At Mt. Vernon. Impact: This shipment to Mt. Vernon might have unintentionally set off a trend of historical reenactments gone terribly wrong, with people fighting over who gets to dress like George Washington.. Fact: Mt. Vernon is basically the original tourist trapβjust substitute the overpriced souvenirs with wooden teeth and powdered wigs!.
- Headline: BRONX BOARD SEEKS SIGN LEGISLATION; Asks Slight Projection Beyond Building Line. Impact: The Bronx board seeking sign legislation could have sparked a series of events leading to the creation of the world's most confusing street signs, causing mass confusion and a spike in GPS sales.. Fact: Street signs have been a point of contention since the dawn of civilization, proving that nothing says 'progress' like arguing over a piece of metal!.
- Headline: Safety First. Impact: The 'Safety First' movement likely led to an overabundance of warning labels on everything, resulting in a generation thatβs afraid of simple tasks like opening a bag of chips.. Fact: Safety First is great, but have you ever tried to read the warning label on a hairdryer? You might need a thesaurus to decode it!.
- Headline: A.F.L. OPENS DOOR TO UNIONS IN C.I.O.; Green Invites 'Disillusioned' Groups to Return to Fold With Autonomy Guarantee. Impact: A.F.L. opening the door to unions in C.I.O. might have inadvertently laid the groundwork for all the workplace drama that would follow, complete with coffee breaks and passive-aggressive post-it notes.. Fact: Unions have been around since the early days of labor, proving that if thereβs one thing workers love, itβs getting together to complain about their bosses!.
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)