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 2, 1951
Full News Archive
- Headline: Lane Bryant's Fall Fashion Preview for Tall Women. Impact: The rise of tall-girl fashion sparked a revolution in clothing design, leading to the eventual creation of 'clothes for people of all heights.' If only they had marketed it better, we might not have had the awkward fashion choices of the 70s and 80s. Tall girls everywhere rejoiced, while short girls still had to deal with denim cutoffs.. Fact: Fashion is a circle, and in a few decades, we might swing back to oversized parachute pants. So, you might want to hold on to those tall-girl styles for the next round!.
- Headline: U.S. Seizes $100,000 Korean Rug Sent by Soldier to Family in West; RARE KOREAN RUG IS SEIZED BY U.S. Soldier's Mother "All Mixed Up" Korean Officials Identify Rug. Impact: The seizure of a Korean rug turned a simple familial gesture into an international incident. If only the rug had been left untouched, it might have facilitated better diplomatic relationsβwho knew a rug could serve as a geopolitical flashpoint?. Fact: Rugs are like the Kardashians of the art worldβeveryone wants one, and they often come with a dramatic backstory..
- Headline: Books of The Times; No Friend of Bolsheviks No Great Admirer of Gorki. Impact: Bunin's critiques of Bolsheviks sowed seeds of literary division that would influence writers for generations. His work became a touchstone for anti-communist sentiment in literature, leading to a literary arms race that saw authors trying to outdo each other in their disdain. Thanks, Bunin!. Fact: Bunin's dislike for Bolsheviks was so strong, it could fuel a coffee shop debate for hours. Just imagine him at a literary salon, sipping tea and rolling his eyes at any mention of communism..
- Headline: U.S. REDS MAP BATTLE; Coast Aide Says 'Party Doesn't Choose to Run' From Attack. Impact: The mapping of battle plans by the U.S. Reds led to a surprising unification of the opposition. Instead of running from attacks, they decided to form a literary club insteadβbecause who needs bullets when you have words?. Fact: In the world of politics, running from conflict is often just a strategic retreat. Think of it as a dramatic exit from a party where the DJ only plays polka music..
- Headline: CHARITIES SHARE WARFIELD ESTATE; Ending of Trusts Gives Them Legacies in the Actor's Will Leaving More Than Million. Impact: The sharing of the Warfield estate among charities was a monumental event that not only enriched these organizations but also set a precedent for celebrity legacies. Now, every time a star passes away, there's a mad scramble to see who gets the cash prize!. Fact: In the world of wills, being a celebrity is like playing Monopolyβeveryone wants to land on Boardwalk, but only a few get to build hotels..
- Headline: Nassau Schools' Value Up 12%. Impact: Nassau County's valuation spike foreshadowed economic shifts that would ripple through property values for decades. This sudden increase likely led to a frenzy of homebuyers, perpetuating the myth that real estate is always a solid investmentβuntil it isn't.. Fact: In real estate, the only thing that goes up faster than property values is the number of 'For Sale' signs when the market crashes. Just wait for it!.
- Headline: RHODE ISLAND STRIKE TO MAKE 8,000 IDLE. Impact: The Rhode Island strike, while seemingly localized, had the potential to inspire labor movements across the nation. If workers had banded together sooner, we might have seen a much earlier establishment of labor rights and protectionsβwho knows, maybe no one would even be working on weekends!. Fact: Strikes are like the universe's way of saying, 'We need a break!'βjust imagine if we all took a day off at the same time. Would the world implode or finally find peace?.
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)