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 July 7, 1949
Full News Archive
- Headline: Hawaii Strike Bill Introduced in 1949. Impact: The Hawaiian strike bill led to an avalanche of labor negotiations, eventually inspiring future labor leaders to wear Hawaiian shirts as a symbol of rebellion, because who doesn't love a good 'workplace casual' vibe while discussing serious issues?. Fact: Senator Knowland was not only a politician but also a master of dramatic pauses; he could stretch a 'we need to do something' speech into an hour-long sitcom episode..
- Headline: Tokyo Rose's Treason Trial: Key Testimonies. Impact: Tokyo Rose's trial sparked a wave of media fascination with traitors, leading to an entire genre of reality TV focused on betrayal, which ultimately resulted in the invention of the 'survivor' genreβwho knew treason could be so entertaining?. Fact: Mrs. D'Aquino's broadcasts were so catchy that some of her songs are still used in motivational playlists, proving that treason sometimes pays off in unexpected royalties..
- Headline: Truman's Visit for Shriners' Convention. Impact: Truman's attendance at the Shriners' Convention opened the door for future presidents to embrace absurd events, which ultimately led to the annual White House Thanksgiving turkey pardonβa fine example of how to distract from actual governance.. Fact: The Shriners' hats are so iconic that they inspired a whole new line of fashionable headwear, proving that you can mix business with pleasure, or in this case, ceremonial oddness..
- Headline: U. S. STEEL REJECTS 4TH ROUND PAY RISE; STRIKE THREATENED; CIO Negotiations Break Down After Corporation Proposes Arbitration on Pensions IMPROPER,' SAYS MURRAY Fairless Holds Contract Bars Talks Now on Anything but Wages and Insurance U. S. STEEL REJECTS PENSIONS DEMAND. Impact: The breakdown of U.S. Steel negotiations set the stage for labor strikes that would lead to the invention of the coffee breakβworkers needed a reason to step away from the chaos and sip something strong.. Fact: CIO Negotiations are like a soap opera: full of drama, unexpected twists, and characters who insist on using acronyms no one understands..
- Headline: U. S. Weighing Plan to Buy British Goods for Stockpiling; Acheson Sees No Occasion for Alarm -- Says Situation Is Phase in Change From a Sellers' to a Buyers' Market U. S. WEIGHS PLAN FOR AIDING BRITAIN. Impact: The U.S. plan to buy British goods for stockpiling inadvertently led to the world's first 'import hoarding' trend, resulting in a generation of housewives with panic rooms filled with tea and biscuits.. Fact: Acheson famously said, 'A buyers' market is like a buffetβeveryone wants a bit of everything, but no one knows how to properly load their plates.'.
- Headline: BRITAIN HELD OPEN TO HIGH AIR BLOWS; Maneuvers Are Said to Show RAF Inability to Operate Beyond 35,000-Foot Level. Impact: The RAF's inability to operate above 35,000 feet led to a new era of fighter plane designs, which eventually inspired the invention of hot air balloonsβbecause who needs altitude when you can float gracefully?. Fact: RAF pilots used to joke that if they couldn't go higher, they might as well invest in skydiving lessons; it was cheaper than a new aircraft..
- Headline: Anti-Bias Chief Resigns; Dewey Praises His Work. Impact: The resignation of the Anti-Bias Chief became a classic example of 'the revolving door' in politics, making it impossible to know who was in charge of fighting discriminationβperhaps they were just taking turns for dramatic effect.. Fact: Governor Dewey's praise for the Chief's work was so heartfelt that it has since been quoted in motivational posters about how to leave a job gracefully..
- Headline: Bills of Lading Banned. Impact: Banning bills of lading for Shanghai created a black market for shipping documentation, leading to the rise of the 'secretive freight ninja'βa profession still celebrated in underground shipping circles.. Fact: The freighter Garonfalia was notorious for trying to run blockadesβits captain was later found to have a side hustle in smuggling gourmet cheese..
- Headline: ACHESON COUNSELS SOVIET TO LIFT BAR TO WESTERN TRADE; In Comment on Shvernik Plea, Secretary Holds Russia Is the One Blocking Accord CITES BAN ON MANGANESE Also Notes Kremlin Opposition to ERP and Pressure on Prague to Spurn Help THE U. S. ENVOY PRESENTS CREDENTIALS AT THE KREMLIN U. S. ADVISES SOVIET TO LIFT TRADE BAR. Impact: Acheson's advice to the Soviet Union to lift the trade bar inadvertently led to a series of awkward diplomatic dinners where everyone pretended to enjoy the food while discussing trade policiesβturns out politics and potlucks donβt mix.. Fact: The ban on manganese led to an underground market for it; people were literally trading minerals like they were PokΓ©mon cards..
- Headline: Article 2 -- No Title. Impact: The easing of pressure on Israel for repatriation set off a chain reaction of refugee policy changes worldwide, ultimately resulting in the creation of an entire library of 'how to handle awkward family reunions.'. Fact: Achesonβs denial of asking Congress for more funds was so convincing that it sparked conspiracy theories about whether he was secretly trying to fund a new reality show instead..
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)