Breakthroughs and everyday innovations from the year.
HEADLINES ON February 1, 1951
Full News Archive
- Headline: Defense Oil Agency Gains Independence. Impact: The independence of the Defense Oil Agency led to a secret oil cartel that inspired countless conspiracy theories about how aliens are controlling Earth's resources. Spoiler: theyβre just really bad at budgeting.. Fact: Did you know the oil industry is often linked with more conspiracies than a '90s X-Files episode? Buckle up!.
- Headline: Income Tax Increases Proposed by Truman. Impact: Truman's tax hike led to the invention of the 'tax avoidance' industry, which is now as popular as Netflix binge-watching. Who knew tax dodging could be a full-time career?. Fact: Fun fact: People have historically been better at finding loopholes than finding love. Taxes really bring out the creativity!.
- Headline: U.S. Conspiracy Proof in Anti-Trust Case. Impact: The anti-trust action against investment bankers was the spark that ignited a thousand hedge fund managersβ nightmares. Today, every banker has a 'conspiracy proof' alarm system.. Fact: You know youβve hit rock bottom when your biggest worry is being outsmarted by your own shadow. Welcome to Wall Street!.
- Headline: Flier Sets New York-London Mark; Hop Made in 7 Hrs. 48 M. in an F-51; SETS RECORD FOR FLIGHT ACROSS ATLANTIC. Impact: Capt C F Blair Jr's flight record sent a shockwave through the aviation industry, leading to the creation of the 'frequent flyer' program, which is basically just a way to reward masochists for enduring long flights.. Fact: Did you know that flying from New York to London in under eight hours was a big deal? Today, it's just a Tuesday for jet-setters and their overpriced coffee..
- Headline: 76 WIN HONORS AT HUNTER; 653 Are Graduated at College's 99th Commencement. Impact: The honors at Hunter College paved the way for the inevitable rise of social media influencers who claim they graduated with honors even if it was just 'honorary' from their mom's basement.. Fact: Did you know that graduation ceremonies are basically just fancy selfies waiting to happen? #LookMomIGraduated.
- Headline: Barbershop Prices Frozen. Impact: The price freeze on barbershop services led to a surge in DIY haircuts, which explains why so many people are sporting questionable hairstyles today. Thanks, government!. Fact: Fun fact: The best way to get a bad haircut is to try cutting your own hair during a price freeze. Who needs scissors when you have sheer determination?.
- Headline: Chauvel Heads Security Council. Impact: Chauvel heading the Security Council foreshadowed the establishment of diplomatic meetings that would eventually lead to *that* awkward moment when everyone forgets why theyβre there.. Fact: Did you know that being the head of the Security Council is like being the designated driver at a party? Everyone's counting on you to keep things civil..
- Headline: C.A.B. Nomination Approved. Impact: The approval of the C.A.B. nomination provided a platform for future nominees, leading to endless debates that would make even the most patient person question their life choices.. Fact: Fun fact: Getting a nomination approved is like winning a game of Monopoly. Everyoneβs happy until someone flips the board over..
- Headline: Individual Income Tax, Present and Proposed. Impact: The discussion of individual income tax changes sent ripples through family dinners for generations, marking the beginning of the awkward 'tax talk' that still haunts us today.. Fact: Did you know that discussing taxes at dinner is the modern equivalent of bringing up politics? Itβs a guaranteed way to ruin dessert!.
Wall Street Time Machine
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1951, it would be worth $586,657 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1951, it would be worth $23,651,345 today (23651.3x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1951, it would be worth $474,914 today (474.9x return)