OCTOBER 7, 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
Rope
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Rope
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
Macbeth
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Macbeth
Sorry, Wrong Number
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Sorry, Wrong Number
The Search
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The Search
Louisiana Story
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Louisiana Story
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
Moonrise
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Moonrise
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
October 7, 1948 Trivia
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The Story of October 7, 1948

On October 7, 1948, the Japanese government faced a pivotal crisis as the entire cabinet resigned following a bribery scandal that undermined the coalition government.

Inventions & Breakthroughs of October 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 October 7, 1948

Full News Archive

  • Headline: Japanese Cabinet Resigns Amid Bribery Scandal. Impact: The resignation of the cabinet caused a chain reaction of political instability in Japan, leading to a series of questionable alliances and bizarre political parties forming. Little did they know, this would eventually result in a secret society of politicians meeting in basements to hash out their plans over cold coffee and expired takeout.. Fact: In Japan, the term 'bribery' translates to 'Tuesday.' Just kidding, but it does feel like a weekly occurrence!.
  • Headline: Wallace Supports West Coast Strikes in 1948. Impact: Wallace's support for strikes sparked a wave of labor empowerment that eventually led to unions demanding nap time and snack breaks. Who knew labor rights would evolve to include mandatory cake days?. Fact: Wallace's speeches were so compelling that even the chairs in the audience started cheering. Talk about a standing ovation!.
  • Headline: Colombian Wage Pact Prevents Strike. Impact: The averting of the strike led to a temporary peace that allowed workers to focus on the art of coffee brewing instead of picketing. This small victory, however, sowed the seeds for a future where people fought over the best brew method.. Fact: Colombia is home to some of the best coffee in the world, proving that sometimes workers just need a good cup of joe to avoid chaos!.
  • Headline: DULLES RETURNS TO PARIS; Satisfied With Visit Here and Talk With Governor Dewey. Impact: Dulles' satisfying visit to Paris led to a flurry of diplomatic agreements that would later turn into a game of 'who can out-fancy the other' at international summits. Spoiler: they all lose, but the catering is great.. Fact: Dulles was known for his charm; in fact, he once convinced a Parisian waiter to give him a free dessert just by discussing foreign policy..
  • Headline: OPENING FOR SPRING GETS BIG RESPONSE; Garment Showrooms Crowded by Out-of-Town Buyers, With Bookings Begun at Once. Impact: This garment show marked the beginning of the relentless cycle of fashion trends that would lead to the invention of skinny jeans and crop tops. Yes, thanks to this event, humanity suffered for decades in the name of style.. Fact: Fashion shows are basically just a way for rich people to parading around in clothes no one can afford, while the rest of us just nod along pretending we understand haute couture..
  • Headline: BURMA FRONT QUIET; NEGOTIATION GOING ON. Impact: Negotiations in Burma led to a peace that was so quiet, it sparked a nationwide trend of people whispering instead of talking. This ultimately culminated in a generation of overly polite individuals who couldn't raise their voices.. Fact: In Burma, silence can be a virtue, but it's also the reason why many people have mastered the art of mime..
  • Headline: PSYCHIATRY URGED TO SPEED THERAPY; Dr. L.H. Smith Tells Doctors Techniques Are Too Slow and Still Too Uncertain. Impact: Dr. Smith's call for quicker therapy techniques led to the invention of the 'one-hour therapy' session, which, ironically, just gave people enough time to decide they needed more therapy.. Fact: Quick therapy is like fast food for your brainβ€”satisfying but likely to leave you craving something more substantial afterward..
  • Headline: MURRAY DENIES PLEA OF CITY CIO COUNCIL. Impact: Murray's denial of the plea caused a reshuffling of political alliances that eventually resulted in everyone just agreeing to disagree over coffee, leading to a national shortage of sugar.. Fact: Denying pleas is a lot like denying dessertβ€”everyone's disappointed, but you still feel like a responsible adult..
  • Headline: CONSERVATIVES AIM FOR DISTRICT GAINS; Party Head Tells Opening of British Convention 'Miniature' Elections Are Important. Impact: The focus on 'miniature' elections led to an odd trend of people taking politics less seriously, resulting in local candidates promising free ice cream and lawn gnomes if elected. Because nothing says governance like garden decor.. Fact: In British politics, the term 'miniature elections' simply means they couldn't find a venue big enough to fit all the hot air that was going to be blown around..

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