Breakthroughs and everyday innovations from the year.
HEADLINES ON August 27, 1949
Full News Archive
- Headline: Sugar Price Increase Announcement. Impact: When sugar prices went up, suddenly everyone started hoarding candy like it was the last roll of toilet paper during a pandemic. This led to an underground black market for sugar-coated gummy bears that somehow funded a revolution of dessert enthusiasts.. Fact: In a shocking twist, the world learned that people are way too serious about their sweet tooth. Who knew sugar could be a gateway to chaos?.
- Headline: Surpluses and Supports in 1949 Agriculture. Impact: Senator Anderson's comments led to a nationwide panic among farmers, who began planting crops shaped like dollar signs in hopes of attracting better prices. It didnβt work, but it did inspire a new trend in agrarian art.. Fact: Agriculture's 'rigid supports' didn't just refer to prices; it was also a nickname for the farmers' new yoga class aiming to relieve stress from market fluctuations..
- Headline: Joseph S. Stigler's Notable Contribution. Impact: Joseph S. Stigler's legacy paved the way for many economists who would later argue about everything from inflation to the price of avocados, which we all know is a pressing matter.. Fact: Stigler's middle name was 'S', which stands for 'seriously, I have no idea what I'm talking about.'.
- Headline: VIDEO COLOR UNITS PREDICTED AT $75; But CBS Head Informs FCC Price Awaits Mass Output of Conversion Devices STALLING CHARGE DENIED 10 Concerns Reported Working on Complete New Receivers, Adaption Appliances. Impact: When color TV became a reality, it inadvertently sparked the Great Couch Potato Movement of the 1970s, leading to a national obsession with sitcoms and snack food that still haunts us today.. Fact: They say that color TVs changed everything, but let's be real: it just made it easier for us to see how badly our favorite shows aged..
- Headline: COL. RALPH C. HOLLIDAY'. Impact: Col. Holliday's contributions ensured that future generations would have access to flavored coffee in the military, leading to the rise of caffeine-fueled soldiers who can now take on any enemy with a strong enough latte.. Fact: Col. Holliday was known for his strict adherence to military protocol, which included never letting anyone take the last donut in the break room..
- Headline: 40 MIGRANT CHILDREN END SUMMER SCHOOL. Impact: The end of summer school for these children not only meant more time for play but also inadvertently led to a spike in lemonade stands, creating a mini-economy of young entrepreneurs.. Fact: Lemonade stands were so popular that they almost sparked a rivalry with the ice cream truck, leading to a summer-long turf war that historians still debate..
- Headline: DR. J.W. PROCTOR, LONG A PHYSIClAlq; Member of Original .Staff of Englewood Hospital Dies-- Received Degree in 1888. Impact: Dr. Proctor's passing marked the end of an era in medicine, leading to a resurgence in holistic health practices that somehow involved more kale and less actual science.. Fact: Dr. Proctor's medical degree was awarded in a time when leeches were still considered a valid treatment option. Talk about a different era!.
- Headline: JULY CANCELLATIONS IN FURNITURE LISTED. Impact: Furniture cancellations led to a nationwide shortage of couches, resulting in families resorting to sitting on the floor and developing new forms of yoga that involved balancing on various household items.. Fact: The furniture industry didn't realize that when people canceled orders, it would lead to a boom in DIY home decor projects, where everyone suddenly became an interior designer overnight..
- Headline: REGENT VETERANS LEAD LEGION RAGE; Post of Commander for One of Three Likely as Delegates Gather in Philadelphia. Impact: The heated debates among veterans about leadership roles led to the formation of a new secret society where members would settle disagreements through competitive bingo.. Fact: Bingo became so popular that it was almost considered a sport, complete with jerseys and sponsorships, proving once again that anything can be turned into a competition..
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)