FEBRUARY 1, 1940

THURSDAY
$1,000 INVESTED IN COKE STOCK (KO) IN 1940
WOULD HAVE MADE YOU $8,324,276 IN 2025
Min_Wage_Hourly: $0.30
Median_Home_Price: $4,000.00
Gas_Price_Avg: $0.18
Bread_Price_Avg: $0.09
Movie_Ticket_Avg: $0.30
First_Class_Stamp: $0.03
Milk_Price_Avg: $0.55
Top Movies By February 1, 1940
1 Another Thin Man
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Another Thin Man
2 His Girl Friday
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His Girl Friday
3 The Shop Around the Corner
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The Shop Around the Corner
4 A Christmas Carol
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A Christmas Carol
5 Angels with Dirty Faces
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Angels with Dirty Faces
6 Destry Rides Again
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Destry Rides Again
7 Gone with the Wind
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Gone with the Wind
8 The Wizard of Oz
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The Wizard of Oz
9 Mr. Smith Goes to Washington
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Mr. Smith Goes to Washington
10 The Hunchback of Notre Dame
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The Hunchback of Notre Dame
The Blue Bird
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The Blue Bird
The Invisible Man Returns
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The Invisible Man Returns
Ninotchka
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Ninotchka
Of Mice and Men
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Of Mice and Men
Allegheny Uprising
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Allegheny Uprising
Remember?
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Remember?
A Christmas Carol
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A Christmas Carol
February 1, 1940 Trivia
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The Story of February 1, 1940

On February 1, 1940, a significant shift in tax policy was noted as the new state income tax form raised privacy concerns by requiring taxpayers to disclose whether Washington had requested additional payments beyond what they submitted.

🧠 Inventions of 1940

Breakthroughs and everyday innovations from the year.

1 Photocopier (Xerography)
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Photocopier (Xerography)
2 Nuclear Magnetic Resonance Concept
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Nuclear Magnetic Resonance Concept
3 Jet Engine Flight Demonstration
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Jet Engine Flight Demonstration
4 Synthetic Detergent
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Synthetic Detergent
5 Mass-Produced Nylon Stockings
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Mass-Produced Nylon Stockings
6 Proximity Fuse
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Proximity Fuse
7 Electronic Fire Control System
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Electronic Fire Control System
8 Polyurethane Foam
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Polyurethane Foam
9 Early Speech Recognition Machine
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Early Speech Recognition Machine
10 Automatic Anti-Lock Brakes Concept
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Automatic Anti-Lock Brakes Concept

HEADLINES ON February 1, 1940

Full News Archive

  • Headline: New York Income Tax Form Controversy. Impact: If people had just embraced the idea of psychic tax forms back then, we could have avoided decades of awkward conversations about finances and the IRS. Imagine a world where taxes were filled out by crystal ball instead of numbers!. Fact: Did you know that asking about past returns is basically a polite way of saying, 'We know you probably cheated, but let’s be friends'?.
  • Headline: Byrd's Bear Escapes Ice Threat. Impact: Had the Bear been trapped, it might have led to an epic rescue mission involving a band of unprepared sailors and a motivational speech by a cat. Instead, we got another day in the history books without a talking animal saga.. Fact: Fun fact: The Bear was not actually a bear, but rather a vessel. I guess they couldn't find a bear that could sail..
  • Headline: Navy Yard Housing Project Approved. Impact: The decision to reclaim 39 slum acres could have set off a nationwide trend of urban renewal, but instead led to the rise of overpriced coffee shops where once stood homes. Who needs affordable housing when you can have artisanal lattes?. Fact: Did you know that 'slum' is just a fancy way of saying 'quaint neighborhood in need of a hipster revival'?.
  • Headline: SAYS U.S. HAS JAPAN 'COLD'; Sir Victor Sassoon, Shanghai Banker, in America on Visit. Impact: Sir Victor’s comment sparked a wave of diplomatic awkwardness that had everyone in Washington Googling 'how to unfreeze a cold relationship' instead of just sending a fruit basket.. Fact: Did you know that the 'cold' in U.S.-Japan relations at the time was mostly due to a lack of shared Netflix accounts?.
  • Headline: Admits Theft From Brokers. Impact: This theft admission led to a series of increasingly ridiculous heists in New York City, culminating in a 'Ocean's 11' scenario with pigeons. Because if you're going to steal, why not involve birds?. Fact: Pro tip: If you're going to commit theft, maybe don't admit it in the headlines. Just a thought!.
  • Headline: DRAW RING TIGHTER; Capture of Pitkaeranta Is Said to Complete Ladoga Trap BLOWS IN NORTH PARRIED Frontier Attacks Thrown Back in Growing Battles With Fresh Soviet Troops. Impact: The successful capture of Pitkaeranta could have turned the tide of war, leading to Finland becoming a 'no-war zone' where soldiers exchanged cookies instead of bullets. Alas, history had other plans.. Fact: Fun fact: Pitkaeranta translates to 'Long Shore,' which is ironic because it was anything but relaxing for those involved!.
  • Headline: LEGISLATURE SEEKS LABOR ACT CHANGE; Rewording of 1937 Preamble to Be Provided in Bill Which Will Go In Monday MUTUAL ANGLE STRESSED Partnership of Employer and Employes Is Indicated in Clause on Bargaining. Impact: This legislative change could have led to a utopian workplace where employers and employees sang 'Kumbaya' together, but instead resulted in endless debates about 'mutual angles' that no one understands.. Fact: Did you know that the 'angle' in 'mutual angle' is more about geometry than partnership? Because nothing says teamwork like math!.
  • Headline: Named Marine Band Leader. Impact: By appointing a new Marine Band leader, the military inadvertently set the stage for the greatest musical revolution since the invention of the kazoo. Thank you, W.F. Santelmann, for your contribution to naval karaoke!. Fact: Did you know that the Marine Band is the oldest active-duty professional musical organization in the U.S.? Just imagine the marching band uniforms!.
  • Headline: BRITAIN AT WAR. Impact: Britain's engagement in war could have led to a reality show called 'Keeping Up with the Blitz' but instead just resulted in a lot of serious historical events. So, no reality TV gold for us.. Fact: Did you know that during wartime, people often engaged in more drama than any soap opera? Who needs a screen when you have real-life conflict?.
  • Headline: FILING OF INCOME TAX; Internal Revenue Bureau Outlines Data for Returns. Impact: This IRS outline could have made tax filing as easy as ordering a pizza, but instead, it led to generations of Americans cursing their calculators and questioning their life choices every April.. Fact: Did you know that the only thing more complex than the IRS tax code is trying to understand why we still haven't simplified it?.

Wall Street Time Machine

The Right Call: If you'd invested $1,000 in any one of these companies in 1940, here's what it would be worth in 2025.
Rank #1
JNJ
Johnson & Johnson
Price in 1940
$0.06
Value in 2025
$3,433,941

Johnson & Johnson - If you invested $1,000 in 1940, it would be worth $3,433,941 today (3433.9x return)

Rank #2
PG
Procter & Gamble
Price in 1940
$0.25
Value in 2025
$586,657

Procter & Gamble - If you invested $1,000 in 1940, it would be worth $586,657 today (586.7x return)

Rank #3
KMB
Kimberly-Clark
Price in 1940
$0.69
Value in 2025
$147,887

Kimberly-Clark - If you invested $1,000 in 1940, it would be worth $147,887 today (147.9x return)

🦸 Top 5 Comics
Batman #1
Batman #1
$2,220,000
Flash Comics #1
Flash Comics #1
$1,500
Green Lantern #1
Green Lantern #1
$150,000
Detective Comics #38
Detective Comics #38
$42,000
All Star Comics #3
All Star Comics #3
$2,500
🧸 Top 5 Toys
Lone Ranger Frontier Town
Lone Ranger Frontier Town
$150.00
Red Ryder BB Gun
Red Ryder BB Gun
$250.00
Sorry!
Sorry!
$30.00
Paper Dolls
Paper Dolls
$35.00
Microscope Kit
Microscope Kit
$200.00
⚾ Top 5 Trading Cards
Walt Disney Comics and Stories #1 Card
Walt Disney Comics and Stories #1 Card
$800
Superman Gum Cards
Superman Gum Cards
$800
G-Men and Heroes of the Law
G-Men and Heroes of the Law
$11.00
1940 War Gum Cards
1940 War Gum Cards
$1,500
1940 Play Ball Baseball Cards
1940 Play Ball Baseball Cards
$3,000