OCTOBER 23, 1940

WEDNESDAY
$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 October 23, 1940
1 Rebecca
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Rebecca
2 Pinocchio
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Pinocchio
3 Foreign Correspondent
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Foreign Correspondent
4 The Sea Hawk
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The Sea Hawk
5 The Great Dictator
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The Great Dictator
6 North West Mounted Police
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North West Mounted Police
7 Knute Rockne All American
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Knute Rockne All American
8 Strike Up the Band
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Strike Up the Band
9 The Westerner
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The Westerner
10 Gone with the Wind
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Gone with the Wind
The Grapes of Wrath
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The Grapes of Wrath
The Shop Around the Corner
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The Shop Around the Corner
His Girl Friday
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His Girl Friday
Northwest Passage
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Northwest Passage
Waterloo Bridge
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Waterloo Bridge
Virginia City
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Virginia City
My Favorite Wife
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My Favorite Wife
My Little Chickadee
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My Little Chickadee
Pride and Prejudice
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Pride and Prejudice
Our Town
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Our Town
Boys of the City
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Boys of the City
The Ghost Breakers
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The Ghost Breakers
They Drive by Night
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They Drive by Night
Dr. Cyclops
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Dr. Cyclops
The Thief of Bagdad
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The Thief of Bagdad
The Mortal Storm
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The Mortal Storm
The Return of Frank James
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The Return of Frank James
Dance, Girl, Dance
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Dance, Girl, Dance
Too Many Husbands
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Too Many Husbands
I Love You Again
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I Love You Again
The Great McGinty
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The Great McGinty
The Blue Bird
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The Blue Bird
The Invisible Man Returns
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The Invisible Man Returns
City for Conquest
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City for Conquest
The Ape
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The Ape
All This, and Heaven Too
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All This, and Heaven Too
Beyond Tomorrow
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Beyond Tomorrow
Road to Singapore
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Road to Singapore
Black Friday
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Black Friday
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
October 23, 1940 Trivia
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The Story of October 23, 1940

On October 23, 1940, a significant financial development emerged as a $29,000,000 utility loan was declared exempt from certain restrictions, highlighting the government's ongoing efforts to stimulate economic growth during the turbulent times of World War II.

🧠 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

The Sounds of

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

HEADLINES ON October 23, 1940

Full News Archive

  • Headline: $29 Million Utility Loan Legislation. Impact: The exemption of this loan led to a chain reaction where utility companies began to operate with reckless abandon. Fast forward a few decades, and you have the birth of the phrase 'as useful as a utility company on a holiday.'. Fact: Did you know that $29 million in 1930s money is like a billion dollars today? Yeah, that’s how much they thought it would help utility companies. Spoiler alert: it didn’t..
  • Headline: State Senate Endorsements Narrow Down. Impact: The citizens union list sparked a minor uproar, resulting in a political witch hunt that saw more incumbents flee than rats from a sinking ship. This set the stage for political endorsements to become the Olympic sport we know today.. Fact: Only four incumbents? Sounds like the political version of a high school reunion where only the popular kids show up..
  • Headline: Earl of Athlone in Ottawa. Impact: The Earl’s return was so riveting that it inspired a new trend of aristocrats 'vacationing' in exotic locations like the U.S., which eventually led to influencers pretending to be royalty on Instagram.. Fact: The Earl of Athlone? Sounds like a character from a British soap opera, but nope, just the real deal. Talk about a family reunion gone international!.
  • Headline: WALLACE CAUSES RIFT IN WISCONSIN; Endorses La Follette for Senate Renomination, ArousingAnger of DemocratsFOUR WALKOUT ON SPEECH Endorsement, Following White House Conference, Allies New Deal With State Progressives. Impact: Wallace’s endorsement caused such chaos that it prompted a decades-long feud between Democrats and Progressives, paving the way for future political alliances that are as stable as a Jenga tower.. Fact: They walked out during his speech? Guess some people take 'political disagreement' a bit too far. Maybe they just needed a snack..
  • Headline: BROWDER CHARGES DEMOCRATIC 'STEAL'; Sees Effort to Get 200,000 Red Votes for Roosevelt. Impact: Browder’s accusation of a 'steal' turned into a legendary political narrative that has been used ever since to justify every election loss, leading to the modern phrase, 'It was rigged!' that we all love to hear.. Fact: Browder saw a conspiracy where there was none! Makes you wonder if he was the original conspiracy theorist before they were cool..
  • Headline: GRACE 'REPAYS' LEHIGH; Lays Cornerstone of Sports and Recreation Building. Impact: Grace laying that cornerstone led to a series of sports buildings popping up across the nation, which ultimately made college sports a multi-billion dollar business. All thanks to a single stone!. Fact: Nothing screams 'I care about sports' like laying a cornerstone. The sports world needs more of this kind of dedication… or maybe just better marketing..

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