Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON April 20, 1949
Full News Archive
- Headline: Court Dismisses Farnsworth Fraud Claims. Impact: The dismissal of the Farnsworth suits led to a series of questionable corporate deals that eventually resulted in the rise of overpriced tech gadgets. So if you ever wondered why your smartphone costs an arm and a leg, thank the 1950s legal drama.. Fact: This case is why lawyers are often seen as the only people who can make a fortune off a sinking ship. Spoiler: they usually don't go down with it..
- Headline: Shanghai's Protective Wooden Barrier. Impact: The 10-foot wooden fence around Shanghai inadvertently sparked a global trend in home security. Fast forward to today, and you have people building walls to keep out their in-laws. Thanks, Shanghai!. Fact: This fence was so effective that it inspired a new genre of home improvement shows: 'How to Build a Fence to Keep Your Problems Out.'.
- Headline: Dan River Mills Price Reduction Announcement. Impact: Dan River Millsβ price reduction may have saved countless wallets, but it also led to a cotton shortage in the 60s as everyone rushed to buy those *gorgeous* ginghams. Who knew fabric could cause such chaos?. Fact: This was also the moment when people realized that 'going green' had nothing to do with eco-friendliness but rather how many colors you could get in a gingham print..
- Headline: TRUMAN SIGNS BILL FOR $5,430,000,000 TO CONTINUE ECA; ERP Sponsors Attend Approval of Measure Authorizing Aid Extension for 15 Months HARRIMAN HITS CUT TALK Cold to Move to Reduce Fund Bill 10% -- Bars ECA Money for Clay Till He Gives Data THE PRESIDENT SIGNING THE BILL FOR FOREIGN AID TRUMAN SIGNS BILL CONTINUING ECA AID. Impact: Truman signing that massive foreign aid bill set off a chain reaction of international diplomacy that resulted in endless debates about where to send money. Itβs like the world's worst charity event where everyone just keeps asking for more.. Fact: The ECA money was so popular that it became the 'it' gift in political circles. Forget gift cards; everyone wanted a piece of that foreign aid pie!.
- Headline: HUNGARY, BULGARIA ASKED TO TESTIFY; U. N. Group Invites Them to Give Their Side in Trials of Religious Leaders. Impact: Hungary and Bulgaria testifying at the UN turned into a game of international telephone, with every country trying to twist their words into a new narrative. By the end, everyone was confused, and no one knew who said what.. Fact: This is basically the original 'he said, she said' of global politics. If only they had had social media to air their grievances!.
- Headline: Ex-Slave Loses Home But He Can Live There.. Impact: The story of the 107-year-old ex-slave D Simon losing his home title but still being allowed to live there brought attention to housing rights, ultimately influencing policies decades later. It's the kind of irony that keeps historians like me awake at night.. Fact: D Simon's life is a testament to resilience; it's almost like he was waiting for someone to invent the concept of 'squatter's rights' for him..
- Headline: Reliance Life Insurance Elects a New President. Impact: The election of a new president at Reliance Life Insurance set the stage for a series of baffling insurance policies that would leave consumers scratching their heads for decades. Who knew insurance could be a circus act?. Fact: You can always tell who the new president is by the number of confusing forms you suddenly have to fill out. It's like a secret initiation ritual..
- Headline: VILLAGE RESTORING 300-YEAR-OLD FARM; East Hampton Planting Only Trees, Shrubs That Grew There Originally. Impact: Restoring the 300-year-old Mulford Farm led to a renaissance of historical preservation, inspiring hipsters everywhere to turn their backyards into 'authentic' historical sites. Because nothing says 'authentic' like a faux vintage fence.. Fact: This farm restoration was the OG influencer campaignβif you werenβt planting heirloom tomatoes, were you even trying to live sustainably?.
- Headline: Peron Party Wins Again. Impact: The Peron Party's win, despite losing ground, paved the way for future political mischief in Argentina. Itβs like a bad sequel that keeps getting greenlit because everyone loves the drama.. Fact: The Peronistas became so popular that they should've had their own reality show: 'Keeping Up with the Peronistas'βa political drama filled with plot twists and emotional speeches!.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1949, it would be worth $3,433,939 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1949, it would be worth $586,657 today (586.7x return)
KMB
Kimberly-Clark
Kimberly-Clark - If you invested $1,000 in 1949, it would be worth $147,887 today (147.9x return)