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HEADLINES ON June 19, 1946
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- Headline: Chain Offers Stock to Shareholders. Impact: These stock purchase rights led to a financial frenzy that eventually paved the way for people to think buying stocks was akin to buying lottery tickets. Thanks, Allied Stores, for our today's obsession with GameStop and AMC!. Fact: Did you know that stockholders often have the same emotional rollercoaster as people waiting for their Tinder matches to reply?.
- Headline: War and Property: A 1946 Reflection. Impact: The principles of private property outlined here would echo through time, ultimately leading to numerous legal battles and debates over land rights, especially in the wake of wars. Who knew that property disputes could be so... eternal?. Fact: The Hague Convention of '07? Yeah, that was just the opening act for a century-long saga of nations arguing over who gets what..
- Headline: Martin Leads Pennsylvania Senate Primary. Impact: This monumental moment in politics sent ripples through the electoral process, eventually leading to endless debates about how many votes it takes to make a difference. Spoiler: It's never enough to make everyone happy.. Fact: In politics, winning by a landslide means absolutely nothing when your opponent is still smarting over a paper cut from a campaign flyer..
- Headline: FOOD OUTLOOK GRIM BRITONS ARE TOLD; Minister, Sustained by Vote, Admits Return This Winter of Hard Days of 1943. Impact: The grim food outlook prompted rationing that would shape British cuisine for decades. If you thought British food was bad before, just wait until you see it under wartime restrictions!. Fact: Turns out, the only thing harder than British winters was finding a decent meal during them. Bon appΓ©tit!.
- Headline: INDIA WILL PERMIT MORE U.S. IMPORTS; Favorable Balance in Trade to Be Reflected in Easement of Pool Restrictions Application Too Strict. Impact: This decision opened the floodgates for American goods, leading to a love affair between India and fast food chains that continues to this day. Who knew trade agreements could lead to a McDonald's on every corner?. Fact: The only thing more complicated than international trade agreements is figuring out why your local McDonald's runs out of McFlurry mix every summer..
- Headline: SUES HARVARD ON PAINTING; Philadelphian Asks $100,000, Says It Was Not Returned. Impact: This lawsuit sparked a wave of art restitution claims that would inspire future art thieves everywhere. Thanks to this case, every failed art student now has a role model for how to blame their university for their failures.. Fact: Harvard: where you can sue for $100,000 for a painting and still have to wait in line for an overpriced coffee..
- Headline: CHIANG SAID TO BAR REDS IN SHANTUNG; Communists Say They Have Also Been Asked to Leave Other Northern Provinces Turkis Win Autonomy Chinese Reds See Threat. Impact: Chiang's decision to bar the Reds led to a hotbed of political tensions that would eventually turn into a game of 'who can outlast the other'. Spoiler alert: it was a long game, and nobody really won.. Fact: In the game of politics, the only thing scarier than the Red Scare is the fact that some people still believe in communism as a viable option..
- Headline: 23 HELD IN ARMY THEFTS; $20,000 Loot Reported Found in Colorado Workers' Homes. Impact: The discovery of this theft scheme led to stricter military regulations, eventually creating an entire subgenre of crime dramas. Thanks, Army, for giving Hollywood a reason to make more 'heist' movies!. Fact: You know it's a good day when the military is stealing from itself. Talk about a plot twist!.
- Headline: Roosevelt Almost Became A Bencher of Gray's Inn. Impact: Had Roosevelt taken the legal route instead of the presidency, we might have seen a world where legal decisions were made over tea and crumpets instead of contentious political debates. Honestly, that might've been a more peaceful world!. Fact: The only thing more chaotic than Roosevelt's presidency? Imagining him arguing over legal briefs instead of world affairs..
- Headline: Abroad; The Atom Bomb Proposal Is a Recall to Reality. Impact: This proposal foreshadowed the beginning of the nuclear age, where every country suddenly realized that having a big bomb was the new 'cool'. And we all know how well that turned out, right?. Fact: The Atom Bomb: because nothing says 'peace' quite like the ability to obliterate entire cities..
Wall Street Time Machine
PFE
Pfizer
Pfizer - If you invested $1,000 in 1946, it would be worth $168,691 today (168.7x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1946, it would be worth $3,433,942 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1946, it would be worth $586,656 today (586.7x return)