SEPTEMBER 2, 1948

THURSDAY
$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
September 2, 1948 Trivia
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The Story of September 2, 1948

On September 2, 1948, Australia announced a surplus of butter, leading to a decision to sell this excess production to Britain, a significant economic move highlighting post-war trade dynamics.

Inventions & Breakthroughs of September 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 September 2, 1948

Full News Archive

  • Headline: Australia's Butter Deal with Britain. Impact: Australia's surplus butter sales to Britain sparked the Great Butter Wars of the 1960s, where nations fought over dairy products instead of oil. Who knew butter could be so controversial?. Fact: Did you know that butter was once a form of currency? Imagine trying to pay your taxes with a block of butterβ€”talk about a sticky situation!.
  • Headline: Spain's First Post-Civil War Elections. Impact: Franco's decision to allow elections turned out to be a massive PR stunt, leading to the birth of countless conspiracy theories that suggest he was just trying to distract everyone from the actual issues at hand. Spoiler: it didn't work.. Fact: Did you know that Spain didn't have a fully democratic election until 1977? So, those 'municipal votes' were kind of like letting kids play with toy cars while the adults drove the real ones..
  • Headline: Bernadotte in Paris. Impact: Count Bernadotte’s meetings in Paris inadvertently set the stage for countless diplomatic mishaps over the decades, where every world leader started thinking they needed to meet in Paris to resolve their issues. Spoiler: it usually didn't help.. Fact: Did you know that Count Bernadotte was assassinated in 1948? Talk about a bad sequel to his diplomatic adventuresβ€”who knew peaceful negotiations could be so dangerous?.
  • Headline: REJECT LABOR PARTY TIE; Six Albany County Democrats Decline Primary Endorsement. Impact: The refusal of these Democrats to endorse the Labor Party led to an unexpected surge in independent candidates, who now think they can actually run for office without a party backing. Spoiler alert: they can't.. Fact: Did you know that declining endorsements in politics often leads to more drama than a daytime soap opera? If only they had worked it out over coffee instead!.
  • Headline: Clay Bars Shifting Costs Of U.S. Gifts to Germans. Impact: General Clay's actions set a precedent for government budget cuts that would echo through the ages, leading to the infamous phrase 'But we can't afford it!' becoming a staple in political debates worldwide.. Fact: Did you know that cutting costs in government often leads to cutting corners in efficiency? Welcome to the wonderful world of bureaucracy, where 'penny wise, pound foolish' is the motto!.
  • Headline: ISRAELI DRIVE AIMS AT BRITISH BACKING; Intense Campaign in London Stresses Recognition as Key to Quick Peace. Impact: Israel's intense campaign for British recognition would eventually lead to endless debates over Middle Eastern politics, creating a never-ending cycle of diplomatic discussions that could make even the most patient person lose their mind.. Fact: Did you know that the Israeli-Palestinian conflict has been going on for so long that historians are considering it for the 'Longest Soap Opera in History' award? Stay tuned for next week's episode!.
  • Headline: HOUSE BODY TO SIFT SPYING FOR RUSSIA BY ATOM SCIENTISTS; Un-American Activities Group Will Make It Main Topic of Hearings Next Week DISCHARGES OF TWO BARED Meantime, Marshall Committee Denies Subversive Aliens Enter Under the U.N. HOUSE BODY TO SIFT ATOMIC ESPIONAGE. Impact: The House committee's focus on atomic espionage sparked a series of conspiracy theories that led to a national obsession with spying, eventually resulting in the rise of amateur sleuths who think they can solve government secrets from their basements.. Fact: Did you know that the term 'atomic spy' sounds way cooler than 'government employee'? It's like comparing a superhero to a regular office workerβ€”one's got a cape, and the other has a stapler!.
  • Headline: CRIPPS TO VISIT U.S.; Will Leave in Mid-September on Trip to Ottawa, Washington. Impact: Cripps’ visit to the U.S. is often credited with starting the 'Diplomatic Tourism' trend, where politicians realized they could make deals while enjoying a nice vacation. Talk about multitasking!. Fact: Did you know that diplomatic visits often involve more food than actual discussions? Perhaps we should just send world leaders on a culinary tour instead of lengthy summits!.

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