Breakthroughs and everyday innovations from the year.
HEADLINES ON July 25, 1945
Full News Archive
- Headline: Morgenthau Advocates Budget Control in 1945. Impact: Morgenthau's insistence on low interest rates led to a chain reaction of financial policies. This eventually resulted in that one awkward Thanksgiving dinner where everyone argues about interest rates instead of politics.. Fact: Fun fact: 'Low interest rates' is just economist speak for 'let's pretend we're not broke.' It's a great way to sound smart while still keeping your wallet empty..
- Headline: Labor Unrest in Wright Manufacturing Plants. Impact: The wildcat strike in Wright plants not only disrupted production but also inspired a new line of motivational posters that read, 'If you don't like it, strike!' The trend caught on and now adorns every break room coast to coast.. Fact: Did you know that wildcat strikes are like the rebellious teenager of labor movements? They don't follow the rules and probably stole their parent's car while skipping school..
- Headline: OPA PENALTY CUTS TO BRING INQUIRY; Woolley Calls for Review of All Fractional Settlements in Treble-Damage Cases Settlements in Two Cases OPA PENALTY CUTS TO BRING INQUIRY. Impact: The review of OPA penalties caused a bureaucratic upheaval. Fast forward a few years, and now every accountant has a secret side job as a conspiracy theorist, trying to decode the next big 'penalty cut' scandal.. Fact: Fun fact: The term 'treble damages' is misleading; it's not about creating a third type of damage, but rather ensuring that lawyers get paid a little more for their 'efforts.'.
- Headline: Books--Authors. Impact: The ownership of Bantam Books marked the beginning of a literary monopoly that led to a future where every book is just a retelling of 'Pride and Prejudice' but with vampires. Thanks a lot, corporate overlords.. Fact: Did you know that owning a book company is basically the literary equivalent of owning a candy store? You get to decide what everyone reads, and you can still eat the profits!.
- Headline: Morgenthau Says Truman Asked Him to Quit Against His Wishes; Truman Asked Morgenthau to Quit. Impact: This political drama set off a chain of events that led to future leaders learning the fine art of 'how to fire someone without actually doing it.' Spoiler alert: it involves a lot of awkward letters.. Fact: Did you know that asking someone to quit is like asking them to jump off a cliff? It's a lot easier to just push them and let gravity do the rest!.
- Headline: DR.GRIFFIN ASSERTS SOVIET RULES POLES; Catholic Primate of England Repeats Charges of Exiles --Asks Allies Intervene British Sift Polish Army Pressure. Impact: The assertion about Soviet rules in Poland ignited a series of geopolitical conflicts that made the Cold War look like a minor family feud. Thanks to this, we now have a whole genre of films about spies and intrigue.. Fact: Did you know that geopolitical tensions are basically the adult version of schoolyard fights? Only instead of throwing punches, they throw sanctions, and the playground is the entire globe..
- Headline: CARVILLE MADE SENATOR; Nevada's Governor Is Named by His Successor, V.M. Pittman. Impact: Carville's rise to the Senate was a turning point that led to the popularization of the phrase, 'If you canβt find someone qualified, just pick a friend.' This new political strategy has since been adopted worldwide.. Fact: Did you know that becoming a senator can sometimes feel like winning the lottery? Except the cash prize is just endless meetings and a title that sounds fancy, but you still have to pay for your own coffee..
Wall Street Time Machine
GE
General Electric
General Electric - If you invested $1,000 in 1945, it would be worth $487,501 today (487.5x return)
PFE
Pfizer
Pfizer - If you invested $1,000 in 1945, it would be worth $168,691 today (168.7x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1945, it would be worth $3,433,942 today (3433.9x return)