DECEMBER 3, 1948

FRIDAY
$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
Blood on the Moon
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Blood on the Moon
The Big Clock
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The Big Clock
Scott of the Antarctic
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Scott of the Antarctic
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
Act of Violence
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Act of Violence
Moonrise
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Moonrise
The Boy with Green Hair
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The Boy with Green Hair
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
December 3, 1948 Trivia
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The Story of December 3, 1948

On December 3, 1948, President Harry S.

Inventions & Breakthroughs of December 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 December 3, 1948

Full News Archive

  • Headline: News Guild Welcomes President Truman. Impact: Truman's acceptance of this invitation led to an unexpected surge in political cartoonists' popularity, as they had endless material to work with, resulting in a new art movement focused on satirical portraits of politicians.. Fact: This was the moment Truman realized he could no longer hide behind the curtainβ€”like a politician who suddenly remembers there's a live studio audience..
  • Headline: Peru Exits Geneva Tariff Negotiations. Impact: Peru's exit caused a chain reaction of nations questioning their own trade policies, ultimately leading to a global economic summit that turned into a giant potluck where everyone just brought their own issues and left with nothing resolved.. Fact: Fun fact: When Peru left, they forgot to take their tariff ideas with them, leading to a lot of awkward silence in the Geneva hotel lobby..
  • Headline: Labor-Farmer Coalition Proposal in 1948. Impact: This proposal led to an unexpected alliance between farmers and laborers that resulted in the first annual 'Harvest and Labor Party'β€”a festival that was essentially just a potluck with way too much corn.. Fact: Spoiler alert: The only thing that came out of this tie was a lot of free corn and some very confused politicians..
  • Headline: Truman Hit a Home Run At Polls, Says MacArthur. Impact: MacArthur's comment inspired future politicians to adopt baseball metaphors for their campaigns, leading to the 'Campaign League' where candidates competed in home run derbies instead of debates.. Fact: Truman was actually terrible at baseball; he thought a 'home run' was just a really good speech..
  • Headline: FACE FACTS OF LIFE, BUSINESS ADVISED; Eric Johnston Says It Must Support Social Legislation to End Threat of Socialism. Impact: This advice inadvertently sparked a decade-long trend of businesses trying to out-socialize each other, resulting in some truly bizarre corporate social responsibility campaigns, like 'Free Ice Cream Fridays' for every employee.. Fact: Eric Johnston's advice was so eye-roll inducing that even the businesses involved considered hiring a life coach instead..
  • Headline: ARGUMENTS HEARD ON FRANKENTHALER; Court of Appeals Reserves Its Ruling on Surrogate Vote After Tammany Appeal. Impact: The tension surrounding this case opened a Pandora's box of legal debates, leading to an increase in lawyers specializing in 'voting rights,' which was ultimately just a fancy way to say 'vote for me, I promise I’m not like the other guys.'. Fact: This case was so convoluted that even the lawyers needed a flowchart to keep track of who was voting for whom..
  • Headline: CITY BOARD ADOPTS A CAPITAL BUDGET FOR $336,909,773; Biggest Estimated Outlay Now Goes to Council -- Hearing Set for Dec. 13 SEVERAL CHANGES MADE $7,630,650 Projects Are Added and Less Urgent Ones Are Dropped in Final Draft CITY BOARD ADOPTS CAPITAL BUDGET. Impact: This budget discussion led to a series of heated debates that ultimately resulted in the establishment of a 'Budget Battleground' where council members would settle disputes over money with rock-paper-scissors.. Fact: Fun fact: The budget was so long that some council members brought snacks and turned it into a mini potluckβ€”because why not mix fiscal responsibility with finger foods?.
  • Headline: ABOLISH NEGRO BAN, U. OF MISSOURI URGES. Impact: This push for equality sparked movements across the country, leading to the eventual establishment of diversity programs that, while well-intentioned, often turned into elaborate icebreaker games in awkward cafeteria settings.. Fact: The U. of Missouri's board made this request amidst much debate, proving that even in the 1950s, some people were still stuck on outdated ideasβ€”like using typewriters..
  • Headline: WEST TO LIST BARS TO BERLIN ACCORD; Will Inform U.N. of Soviet Steps That It Considers Prevent Currency Pact WEST TO LIST BARS TO BERLIN ACCORD. Impact: This decision led to an avalanche of paperwork that not even the best bureaucrats could navigate, resulting in what is now known as the 'Great Paper Jam of the 1950s.'. Fact: The U.N. has since upgraded its filing system, but it still operates on the assumption that 'if it ain't broke, don't fix it'β€”which is why they still use 20th-century filing cabinets..

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