Breakthroughs and everyday innovations from the year.
HEADLINES ON August 24, 1949
Full News Archive
- Headline: Witness Denies Shift in Communist Policy. Impact: The denial of past Communist policies led to a series of public debates that caused future politicians to double down on their rhetoric, eventually resulting in a national obsession with Red Scares and a panic over invisible communists hiding under beds. Thanks, witness!. Fact: In the 1950s, it was considered a serious offense to be accused of communism, but apparently, nobody told that to this witness who just casually strolled into court with a 'no big deal' attitude..
- Headline: Pension Fraud Scandal in Upstate New York. Impact: This pension fraud case sparked a nationwide trend of former troopers seeking extra dough, leading to a wave of 'creative accounting' that inspired countless sitcom episodes where retired cops suddenly become amateur accountants.. Fact: It's funny how a little extra pay can lead to a whole lifetime of legal trouble. Who knew that honesty was still the best policy?.
- Headline: New Appointments at NYU Education School. Impact: The hiring of three new staff members at NYU accidentally led to the invention of overpriced coffee and the widespread use of the phrase 'unprecedented educational experience' in academic marketing.. Fact: NYU has a long tradition of hiring staff, but don't worry, none of them will ever be paid enough to afford their own tuition..
- Headline: Dewey Moves to Halt Bell Strike, Bids State Board Break Impasse; Governor Accedes to Request of CIO Union as A. S. Meyer, Mediation Chief, Asks Msgr. Boland to Join in Talks. Impact: Dewey's attempt to halt the strike marked the beginning of a long tradition of governors solving problems by calling in mediators, which eventually led to a nationwide shortage of mediators and an increase in the number of people wearing 'I love unions' T-shirts.. Fact: Mediation: because sometimes, talking things out really is just a fancy way of avoiding the real issues..
- Headline: FORMOSA HOPEFUL OF U. S. AID ON REDS; Some Islanders Raise Legal Technicality as Means of Thwarting Invasion. Impact: Formosa's hope for U.S. aid resulted in a decades-long dependency that sparked countless debates about sovereignty, leading to a cocktail party where world leaders argued over who could claim the best 'we saved you' stories.. Fact: Legal technicalities are like those annoying pop-up ads; they always show up at the worst time and nobody really knows how to get rid of them..
- Headline: Eisler Goes to Moscow Parley. Impact: Eisler's trip to Moscow inadvertently led to the rise of global espionage and the creation of the phrase 'Keep your friends close, but your enemies closer,' which became a favorite among future politicians and spies alike.. Fact: Eisler going to Moscow sounds like the beginning of a bad spy novel, but alas, it was just another Tuesday in the Cold War..
- Headline: Baby-Sitters to Aid Voters. Impact: The introduction of baby-sitters to aid voters would eventually lead to a new generation of politically aware toddlers who could recite party platforms while simultaneously playing with blocks.. Fact: Because nothing says democracy like letting your babysitter take care of your voting responsibilities while you binge-watch your favorite show..
- Headline: CHINA REDS REPORT LOOTING OF IRON MINE. Impact: The looting of the iron mine by the Chinese Reds began a long tradition of resource disputes that would later inspire both action movies and international sanctions, proving that nothing says 'we want peace' like a good old-fashioned heist.. Fact: Irony alert: The Red army was more interested in looting than in any actual mining efforts. Who knew communism came with such a fun side of kleptomania?.
- Headline: Rumania Celebrates Liberation. Impact: Rumania's celebration of liberation eventually turned into an annual festival where people dressed as Nazis marched backwards to symbolize moving on, leading to a bizarre cultural phenomenon that involved lots of awkward historical reenactments.. Fact: Liberation celebrations are typically festive, but Rumania's looks a bit like a history class gone wrong. It turns out, liberation doesnβt always come with cake..
- Headline: President Is Invited To States Rights Hub. Impact: President Trumanβs invitation to the States Rights Hub set the stage for a long, winding road of state politics that would eventually lead to an explosion of local pride, resulting in questionable state slogans and lots of bumper stickers.. Fact: States Rights: because nothing says 'we know better than the federal government' quite like a bunch of folks in a room arguing over who gets to control the speed limit..
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)
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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)