AUGUST 24, 1948

TUESDAY
$1,000 INVESTED IN COKE STOCK (KO) IN 1948
WOULD HAVE MADE YOU $4,834,154 IN THE 2025 DATASET
Min_Wage_Hourly: $0.66
Median_Home_Price: $6,720.00
Gas_Price_Avg: $0.25
Bread_Price_Avg: $0.13
Movie_Ticket_Avg: $0.43
First_Class_Stamp: $0.03
Milk_Price_Avg: $0.77
Top Movies From 1948
1 The Red Shoes
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The Red Shoes
2 Red River
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Red River
3 The Paleface
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The Paleface
4 Johnny Belinda
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Johnny Belinda
5 Easter Parade
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Easter Parade
6 The Three Musketeers
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The Three Musketeers
7 The Snake Pit
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The Snake Pit
8 The Emperor Waltz
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The Emperor Waltz
9 Homecoming
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Homecoming
10 Sitting Pretty
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Sitting Pretty
The Treasure of the Sierra Madre
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The Treasure of the Sierra Madre
Call Northside 777
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Call Northside 777
I Remember Mama
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I Remember Mama
Key Largo
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Key Largo
A Foreign Affair
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A Foreign Affair
Raw Deal
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Raw Deal
The Lady from Shanghai
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The Lady from Shanghai
The Big Clock
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The Big Clock
The Naked City
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The Naked City
Fort Apache
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Fort Apache
Mr. Blandings Builds His Dream House
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Mr. Blandings Builds His Dream House
The Search
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The Search
Melody Time
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Melody Time
The Pirate
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The Pirate
State of the Union
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State of the Union
Letter from an Unknown Woman
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Letter from an Unknown Woman
Mr. Peabody and the Mermaid
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Mr. Peabody and the Mermaid
The Paradine Case
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The Paradine Case
Out of the Past
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Out of the Past
The Bishop's Wife
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The Bishop's Wife
Body and Soul
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Body and Soul
A Double Life
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A Double Life
Daisy Kenyon
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Daisy Kenyon
The Fugitive
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The Fugitive
August 24, 1948 Trivia
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The Story of August 24, 1948

On August 24, 1948, the Republican Party made headlines by rejecting the so-called Frankenthaler Deal, a significant negotiation attempt that had implications for party unity and strategy ahead of the upcoming elections.

Inventions & Breakthroughs of August 1948

Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.

1 Information Theory
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Information Theory
2 Long-Playing Vinyl Record
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Long-Playing Vinyl Record
3 Integrated Circuit Concept
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Integrated Circuit Concept
4 Electric Slide Rule
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Electric Slide Rule
5 Aircraft Autopilot Improvements
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Aircraft Autopilot Improvements
6 Magnetic Tape Storage Standard
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Magnetic Tape Storage Standard
7 Remote Television Broadcasting
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Remote Television Broadcasting
8 Disposable Diaper
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Disposable Diaper
9 Automatic Garage Door Opener
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Automatic Garage Door Opener
10 Photovoltaic Cell Improvements
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Photovoltaic Cell Improvements

The Sounds of

Popular recordings and roots/country selections associated with the year

HEADLINES ON August 24, 1948

Full News Archive

  • Headline: Republicans Reject Frankenthaler Withdrawal Deal. Impact: The rejection of the Frankenthaler deal set off a chain reaction that eventually led to the invention of a new flavor of ice creamβ€”political vanillaβ€”completely devoid of any flavor or excitement.. Fact: Did you know that political negotiations are often like playing poker with a bunch of toddlers? Everyone's just bluffing while holding their favorite toys..
  • Headline: New Syrian Cabinet Appointed in 1948. Impact: Naming a new cabinet led to a bizarre series of events where everyone in the Middle East suddenly became an expert in cabinet-making, resulting in a short-lived but highly competitive furniture industry.. Fact: Fun fact: In the political world, cabinet positions are often more about who can build the best IKEA furniture than actual governance..
  • Headline: Denham Addresses Taft's NLRB Involvement. Impact: This little dispute triggered an avalanche of legal jargon that later inspired the creation of the world's first 'Lawyer Olympics', where participants compete in speed-reading contracts.. Fact: Did you know that the phrase 'routine inquiry' is often code for 'I have no idea what I’m doing, but let’s pretend I do'?.
  • Headline: STERNISTS SEIZE U.S. AIDE; Consul Says Clerk Was Abused -- Mistaken for Spy. Impact: The mistaken identity incident led to a long-standing tradition of spy-themed escape rooms, where participants must evade capture while answering ridiculous trivia about international relations.. Fact: Did you know that the best spies are often just really good at hide-and-seek? Too bad this clerk didn't have that skill set..
  • Headline: Banker, Believed Slain at Own Plea For Insurance, Found to Be in Debt; LOAN FIRM'S CRASH LINKED TO SLAYING. Impact: This tragic event became the catalyst for a new genre of true crime podcasts focused on the absurd lengths people will go for financial security, leading to hundreds of hours of entertainment at the expense of actual ethics.. Fact: Sometimes, life insurance policies come with a catch: like not actually being dead before collecting. Who knew?.
  • Headline: SERVANTS CALLED IN AIM TO CLARIFY EVIDENCE ON SPIES; Six 'Obscure' Witnesses Are Rounded Up to Give Data on Hiss-Chambers Meetings. Impact: The reliance on 'obscure' witnesses set a trend in legal circles, leading to a future where every courtroom drama includes a character who is utterly irrelevant yet somehow pivotal to the plot.. Fact: Ever notice how only 'obscure' witnesses get called when the case is really shaky? It's like the judicial system's version of 'let's ask the janitor.'.
  • Headline: ( GUNMEN STEAL $?_3,000; Five Masked Men Bind Three and Ransack Chicago Home. Impact: This heist inspired a wave of 'home security innovations' that included everything from moat construction to the invention of the doorbell as a sinister alert system.. Fact: Did you know that crime dramas often glamorize criminal behavior? Because nothing says 'cool' like being bound and robbed in your own home..
  • Headline: SEEKS TO REGAIN $60,937; Banking Commissioner Opens Action Against Pellechia Sr.. Impact: This legal action inadvertently led to the creation of a new board game called 'Bankruptcy Bingo,' where players aim to collect debts instead of properties.. Fact: Isn't it funny how the only thing more complicated than banking regulations is trying to explain them at a cocktail party?.
  • Headline: 3 AIRLINES OPPOSE CHARGES FOR MEALS. Impact: The airlines' opposition to meal charges ignited a culinary revolution in the skies, ultimately resulting in the first in-flight Michelin star restaurant... which served instant noodles.. Fact: Did you know that the only place you can get a truly awful meal at 30,000 feet is on an airplane? They really take 'high dining' to a new level..

Wall Street Time Machine

The Right Call: If you'd invested $1,000 in any one of these companies in 1948, here's what the stored 2025 dataset estimates.
Rank #1
JNJ
Johnson & Johnson
Price in 1948
$0.06
2025 dataset value
$3,433,943

Johnson & Johnson - If you invested $1,000 in 1948, it would be worth $3,433,943 today (3433.9x return)

Rank #2
PG
Procter & Gamble
Price in 1948
$0.25
2025 dataset value
$586,657

Procter & Gamble - If you invested $1,000 in 1948, it would be worth $586,657 today (586.7x return)

Rank #3
KMB
Kimberly-Clark
Price in 1948
$0.69
2025 dataset value
$147,887

Kimberly-Clark - If you invested $1,000 in 1948, it would be worth $147,887 today (147.9x return)

🦸 Top 5 Comics
Superman #53
Superman #53
$500
Detective Comics #140
Detective Comics #140
$10,200
Marvel Mystery Comics #92
Marvel Mystery Comics #92
$2,500
All Star Comics #41
All Star Comics #41
$2,500
Four Color #178 (Uncle Scrooge)
Four Color #178 (Uncle Scrooge)
$150
🧸 Top 5 Toys
Tonka Dump Truck
Tonka Dump Truck
$75.00
Magic 8-Ball
Magic 8-Ball
$75.00
Bakelite Gangsters Car
Bakelite Gangsters Car
$250.00
Wind-up Tin Robots
Wind-up Tin Robots
$700.00
Toys from Lionel Trains
Toys from Lionel Trains
$750.00
⚾ Top 5 Trading Cards
1948 Bowman #69 George Mikan
1948 Bowman #69 George Mikan
$629,520
1948 Leaf #79 Jackie Robinson
1948 Leaf #79 Jackie Robinson
$89,175
1948 Leaf #3 Babe Ruth
1948 Leaf #3 Babe Ruth
$1,000,000
1948 Bowman #36 Stan Musial
1948 Bowman #36 Stan Musial
$120,000
1948 Bowman #18 Warren Spahn
1948 Bowman #18 Warren Spahn
$250,000