Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year β Top 10 Pop & Country chart toppers
HEADLINES ON July 3, 1947
Full News Archive
- Headline: Mother of Three to Remarry in U.S.. Impact: This remarrying event sparked a chain reaction of divorce rates skyrocketing across America, as parents realized they could just keep trying until they found a spouse who wouldnβt need to enter the country on military paperwork. Who knew love could be so bureaucratic?. Fact: In a twist of fate, the term 'GI Bride' has nothing to do with military prowess but rather with the heart-wrenching paperwork that could rival a small novel..
- Headline: Dr. Armstrong Becomes Kiwanis President. Impact: Dr. Armstrongβs presidency of the Kiwanis led to a surge in pancake breakfasts, forever altering the breakfast landscape and ensuring that no Sunday morning would ever be safe from syrupy goodness again.. Fact: The Kiwanis Club isnβt just about community service; itβs also a covert organization dedicated to perfecting the art of pancake flipping..
- Headline: Lobel Testifies in Actress' Lawsuit. Impact: Lobel's court testimony marked the beginning of the long and illustrious career of celebrity court trials, paving the way for future courtroom dramas that would eventually lead to reality TV. Thank you, Lobel!. Fact: The $5,400 at stake in this case would be worth about $55,000 today. Guess it was a pretty pricey suit after all!.
- Headline: Swiss Lift Curb on Watches. Impact: By lifting watch export curbs, the Swiss unleashed a tidal wave of Swiss watches that would not only make Americans punctual but also lead to the world's obsession with overpriced timepieces. Because who needs a good meal when you can have a Rolex?. Fact: The Swiss watch industry has been so influential that it single-handedly invented the concept of 'fashionably late.'.
- Headline: By-Passing of Board Voted By Steel Workers' Chiefs; New Law's Facilities Useless, So Dealing Will Be With Employers, Says Group -- Electric Union in Similar Move STEEL UNION VOTES TO IGNORE THE NLRB. Impact: The steel workersβ decision to ignore the NLRB became a historical reminder that when it comes to labor, sometimes itβs better to just throw the rulebook out the window and negotiate directly. Who needs regulations, right?. Fact: The Taft-Hartley Act was ironically designed to keep labor unions in check, but it seems the steel workers had other plansβlike throwing caution to the wind!.
- Headline: SCHOOL BOARD MAPS NEW RESEARCH UNIT. Impact: The NYC school board's new research unit ultimately led to the creation of a groundbreaking study on how many meetings it takes to actually get anything done. Spoiler alert: Itβs more than you think.. Fact: Horace Mann was a huge advocate for public education, which is why itβs ironic that this meeting probably could have been an email..
- Headline: GEORGE FISCHER. Impact: George Fischerβs name in the headlines reminds us that sometimes, the most interesting stories are about people who didnβt do anything all that interesting. Just wait until the sequel, 'George Fischer: The Year of Notable Silence.'. Fact: If you Google 'George Fischer,' be prepared for a very underwhelming rabbit hole of normalcy..
- Headline: Iron Source Located in Utah. Impact: The discovery of iron in Utah sparked a mining boom that would lead to a long and storied history of mining accidents, labor disputes, and the eventual emergence of safety equipment that no one wanted until it was too late.. Fact: Utahβs iron is so famous that it almost became the state mascot, overshadowing the more traditional 'beehive.'.
- Headline: $6,200,000 TO HOSPITAL; Nassau Plant to Be Extensively Improved With Race Tax Fund. Impact: The $6.2 million investment in the hospital marked the dawn of the 'hospital expansion era,' which inadvertently led to ever-increasing medical bills, because nothing says 'healthcare' quite like a shiny new lobby.. Fact: Race tax fund? Sounds like the government figured out a way to make taxes even more confusing. Thanks, guys!.
- Headline: COAL CRISIS EASED; Strike Probably Averted by Agreement With 40% of Industry TOTAL GAIN TO BE $3 A DAY $500,000,000 a Year Is Added to Consumers' Bill -- Prices of Steel Expected to Go Up Lewis' Miners Win Record Rise; Major Coal Strike Seems Averted. Impact: The coal crisis being averted is a classic case of 'what if'βwhat if miners had decided to strike? The world could have faced a coal shortage that might have led to a rise in renewable energy sources, but weβll never know because, you know, coal.. Fact: A $3 daily increase sounds reasonable until you realize thatβs just a fancy way of saying, 'Get ready for that price hike at the gas station!'.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1947, it would be worth $3,433,943 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1947, it would be worth $586,657 today (586.7x return)
KMB
Kimberly-Clark
Kimberly-Clark - If you invested $1,000 in 1947, it would be worth $147,887 today (147.9x return)