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, 1951
Full News Archive
- Headline: Wright Declares South's Stance on Truman. Impact: In an alternate timeline, Wright's refusal triggered an underground movement of Southern liberals who eventually formed a secret society that invented the modern-day hipster coffee shop, changing the course of coffee history forever.. Fact: Did you know that the South backing Truman would have made about as much sense as a screen door on a submarine? Spoiler: It didn't happen..
- Headline: Point Four Grants for Machinery Gifts. Impact: The failure of the Point Four Plan resulted in an unexpected boom in the black market for poorly made tools that led to the rise of DIY projectsβsparking a whole generation of questionable home renovations.. Fact: Fun fact: 'Point Four' sounds less like a government initiative and more like a failed football play that ended with everyone confused and no one scoring..
- Headline: PLAINS COUNCIL HEARS BASIN PLAN DEFENDED. Impact: The defense of this basin plan led to an influx of council meetings that ultimately resulted in the first 'Water Conservation' reality show, where contestants had to save water while living in a desert.. Fact: Ah yes, nothing says βrivetingβ like a council meeting discussing basins. Get your popcorn ready!.
- Headline: OIL CAPITAL FOR JAPAN; California Texas Corp. to Invest $18,500,000 in Refinery. Impact: This investment inadvertently sparked an oil boom that made Japan the leading supplier of oil, and they used it to fund the worldβs first sushi-themed amusement park.. Fact: Did you know that $18.5 million in 1949 is roughly equivalent to approximately 1 million sushi rolls? Not that anyone was counting..
- Headline: Congressional Action Held Likely If Baseball Loses Court Decisions; Reversal of Interstate Commerce Ruling Seen Forcing Exemption--Trautman Hits Big League Broadcasts at Hearing Reserve Clause Held Vital Baseball Suits Pending Echo of Oakland's Howls. Impact: If Congress had acted on this, it would have led to an explosion of congressional hearings on every trivial matter, including why hot dogs are considered the official baseball snack.. Fact: Who knew baseball could lead to congressional action? Next thing you know, they'll be debating the ethics of the seventh-inning stretch!.
- Headline: VENEZUELA PILING UP SURPLUS OF DOLLARS. Impact: Venezuela's dollar surplus inadvertently caused a global trend where countries began hoarding dollars, leading to the first international black market for Monopoly money.. Fact: Did you know that while Venezuela was piling up dollars, the rest of the world was just trying to pile up change for the vending machine?.
- Headline: NEW RAIL FARE RISES DUE SOON AT CHICAGO. Impact: This fare increase triggered a nationwide revolt of train commuters, leading to the establishment of the 'Train Riders Union' and their demands for free snacks.. Fact: Oh joy, a rail fare rise! Because who wouldnβt want to pay more to sit in a cramped seat and share air with a stranger? Sounds delightful!.
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)