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 March 2, 1951
Full News Archive
- Headline: Farm Tariff Bill Controversy. Impact: If only the Federation had opted for a 'Tariff Concessions for Everyone' party instead, we might have a world where avocados are free and the economy is thriving. But alas, they chose to play hardball, leading us to the avocado crisis of 2023.. Fact: Did you know that tariffs are like that one friend who always shows up uninvited? They tend to ruin the party, especially when it comes to international trade..
- Headline: Truman Honors Barkley with Historic Gavel. Impact: Barkley's gavel eventually became a symbol of bipartisanship... until someone decided it would look great as a paperweight in a future president's office, leading to a series of questionable decisions fueled by bad coffee.. Fact: Fun fact: The phrase 'gavel to gavel' doesnβt refer to an actual gavel fight, though that would definitely spice up congressional sessions!.
- Headline: Record Marine Recruitment in NYC, 1951. Impact: This record number of recruits led to an explosion in Marine-themed bar crawls, where everyone suddenly thought they could handle a keg stand like a drill sergeant. Spoiler alert: they couldn't.. Fact: Joining the Marines is the only career move where you can go from boot camp to being called a 'hero' in a matter of months. Talk about a quick promotion!.
- Headline: Text of Statement on Funds for Defense. Impact: The White House statement on defense funds led to a new genre of political speeches: 'How to Speak for 10 Minutes Without Actually Saying Anything' - a legacy that still haunts us at every press conference.. Fact: Did you know that 'funds for defense' is just a fancy way of saying, 'Letβs throw money at problems until they disappear'? Works like a charm, right?.
- Headline: NARCOTICS UNIT CITES LURE TO TEEN-AGERS. Impact: The rise in heroin addiction led to numerous TV shows and movies depicting the struggles of addiction, ultimately giving birth to the 'gritty realism' genre that we all pretend to appreciate.. Fact: In the 1950s, the only thing more addictive than heroin was the television, but at least you could turn the TV off without a withdrawal!.
- Headline: RAILROADS CALLED VITAL TO DEFENSE; Faricy Sets Forth Their Need for Steel, Manpower and Revenue for Fair Return. Impact: Faricy's plea for resources somehow morphed into a series of reality TV shows about train heists, where contestants try to 'steal' vital materials while avoiding the faux pas of actually getting arrested.. Fact: Railroads were once the backbone of America, but now they're just a great way to get stuck in traffic while you ponder your life choices..
- Headline: Mine Union Sued for $500,000. Impact: The lawsuit against the Mine Union set a precedent that would lead to numerous courtroom dramas in the future, inspiring a generation of law students who thought they could solve problems with a gavel and a good monologue.. Fact: Suing a union is like challenging a bear to a dance-off: it might seem like a good idea until you realize youβre about to get mauled..
- Headline: State in '50 Set Records In Autos, Gasoline Use. Impact: New York's record in auto registrations led to the eventual creation of the 'Honk If You Love Traffic' bumper sticker, which has become a mainstay in modern car culture. Thanks, 1950!. Fact: In 1950, cars were so popular that they could have run for president. Unfortunately, the campaign would have included too many roadblocks..
- Headline: N.L.R.B. ACCUSES UNION; Newspaper Deliverers to Face Court Tuesday on Stoppages. Impact: The NLRB's accusations against the union paved the way for countless coffee breaks where disgruntled workers debated whether they were more afraid of their bosses or the government. Spoiler: It was always the bosses.. Fact: Unions are like that friend who keeps trying to get you to join a gym - they might have your best interests at heart, but no one enjoys the monthly dues..
- Headline: BIG PROFIT ADMITTED ON SURPLUS ENGINES. Impact: The surplus engine scandal led to a black market of educational materials that ironically fueled a new generation of aviation enthusiasts who thought 'educational purposes' was a legitimate reason to buy a fighter jet.. Fact: Buying surplus engines for education purposes is like saying you bought a tank to learn about history - bold move, Cotton!.
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)