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 August 4, 1950
Full News Archive
- Headline: Back Pay Awarded to L.H. Sidener. Impact: The restoration of Sidener's wages sparked a minor revolution in labor rights, leading to an underground movement where workers banded together to form secret clubs dedicated to discussing their 'compensation grievances' over coffee. These clubs eventually evolved into the first-ever labor-themed coffeehouses, where the only thing stronger than the coffee was the union spirit.. Fact: Did you know that back pay could actually make you feel like a millionaire, albeit only temporarily? Just don't spend it all on avocado toast!.
- Headline: Statue Unveiled for Harvey Firestone. Impact: The unveiling of Firestone's statue led to an unexpected boom in rubber production, which inadvertently caused a global shortage of tires, resulting in the Great Bicycle Renaissance of the 1950s. Everyone suddenly decided that walking was the new 'it' thing.. Fact: Fun fact: The original Firestone tires were made to withstand the pressure of egos as inflated as the tires themselves..
- Headline: F.B.I. Arrests Waxey Gordon's Nephew. Impact: The arrest of G. Pape set off a chain reaction in the underworld, creating a new trend among crime families where being related to a notorious figure became a hot new career move. Many young men started changing their last names to 'Gordon' in hopes of a free pass into the crime scene.. Fact: It's always the family member you least expectβturns out crime does run in the family, unless youβre talking about my Uncle Joe, who still thinks he's a 'criminal' for forgetting to return library books..
- Headline: Valuations in Nassau Rise by $108,739,480. Impact: This sudden spike in valuations caused a real estate frenzy that led to the establishment of Nassau as the 'Monopoly Capital of the World', where people began buying and trading properties as if they were just game pieces. Park Place was particularly in demand.. Fact: Did you know that one person's 'rise in valuations' is another person's 'why canβt I afford a home?' story?.
- Headline: $150,000 SWINDLES LAID TO A BROKER; Manager of Father's Offices Is Accused of Attempting a Coup in Italian Lire. Impact: Gudenzi's swindling escapades triggered a wave of skepticism towards all brokers, leading to the creation of the 'Broker's Honor Code'. This code was so thoroughly ignored that it eventually became the subject of a bestselling book titled 'Swindle: How to Get Rich Quick without Really Trying'.. Fact: They say money canβt buy happiness, but it can certainly fund a good escape plan. Just ask Gudenzi!.
- Headline: TRUMAN SIGNS BILL TO ENLARGE FORCES; It Gives Congress Power to Set Size of Military at a Level Any Emergency Requires. Impact: Truman's decision to expand military forces accidentally inspired a new genre of action movies where the military heroes are always portrayed as over-the-top buffoons, leading to a cultural shift in how society views armed forcesβand a lot more popcorn consumption.. Fact: Did you know the military's motto became 'Weβre not just big, weβre also really confused' after this bill was passed?.
- Headline: PARIS DROPS WAISTLINE; Jarques Heim's Suit and Coat Exhibit Shows Slight Shift. Impact: The dropping of waistlines in Paris triggered a worldwide fashion revolution that not only changed clothing but also led to the invention of the 'waistline-extender'βan essential tool for anyone living in the 1960s and beyond.. Fact: Fun fact: The original waistline drop led to an increase in the consumption of pastries, because, you know, who needs a waistline anyway?.
- Headline: TRUMAN CONSIDERS ENVOY TO VATICAN; Regular Minister to Holy See Is Weighed by President-- Controversy Over Question. Impact: Truman's deliberation over appointing an envoy to the Vatican stirred up a theological debate that inadvertently led to the longest game of diplomatic chess in history, where each side kept waiting for the other to make a move.. Fact: Did you know that this diplomatic indecision was so intense it could have made a soap opera plot seem straightforward?.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1950, it would be worth $3,433,941 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1950, it would be worth $586,657 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1950, it would be worth $23,651,330 today (23651.3x return)