Breakthroughs and everyday innovations from the year.
HEADLINES ON August 31, 1951
Full News Archive
- Headline: Fatal Bus and Truck Collision in 1951. Impact: The collision sparked a nationwide debate about bus safety regulations, leading to the introduction of more stringent guidelines. Ironically, this also resulted in a surge in demand for inflatable seat belts, which, while safer, made it much harder to exit the bus in an emergency. Who knew safety could be so complicated?. Fact: Greyhound buses are known for their long-distance travel, but they also have a delightful reputation for being the most popular choice for people trying to escape their problems..
- Headline: Bail Reduction for Edward T. Chalfant. Impact: Edward T. Chalfant's bail reduction led to an unexpected rise in the popularity of the phrase 'money can buy freedom,' inspiring a whole generation of people to become amateur bail bondsmen with varying degrees of success.. Fact: In the world of bail, $20,000 is just enough to buy a decent used carβor a ticket to freedom. Just depends on your priorities!.
- Headline: Ousted Professor Finds New Role. Impact: By hiring an ousted professor, the government inadvertently launched the 'Loyalty Oath Blacklist' trend, which would later inspire countless conspiracy theories about how academia was secretly run by spies. Spoiler: they werenβt.. Fact: Loyalty oaths are like bad relationships; once you're in one, it can be hard to get out without some emotional baggage..
- Headline: FINAL TRIBUTE PAID TO L.S. GREENBAUM; 250 Attend Service for Noted Attorney in White Plains-- Colleague Gives Eulogy. Impact: L.S. Greenbaum's passing triggered a series of eulogies that became so elaborate they were later adapted into a popular Broadway play titled 'The Last Goodbye.' It included a tragic musical number that brought the house downβliterally.. Fact: Eulogies can sometimes be more entertaining than the lives they're celebrating. Who knew death could be such a captivating spectacle?.
- Headline: PARK AVENUE SEES A HORSECAR AGAIN; 1851 Vehicle With Plush Seats Is Brought Out to Illustrate Century's Transit Progress. Impact: The return of the horsecar revealed a shocking truth: nostalgia can be a powerful marketing tool. Soon, hipster cafes began serving coffee in vintage horse-drawn carriagesβbecause nothing says 'I love history' like overpriced lattes.. Fact: Horsecars were the original form of public transport, which means your favorite hipster's 'vintage' preference is literally centuries old..
- Headline: WESTINGHOUSE CUTS APPLIANCE OUTPUT. Impact: Westinghouse's decision to cut appliance output led to a shortage of toasters, causing a nationwide crisis where people had to resort to making toast over campfires. Surprisingly, this sparked a resurgence of outdoor cooking classes.. Fact: Toasters are so essential that their absence can lead to a culinary apocalypse. Who knew bread could be so powerful?.
- Headline: SENATORS APPROVE RISE IN SALES TAXES; Higher Excises in Cigarettes, Liquor, Gasoline, Autos Voted in Backing House Bill. Impact: The Senate's approval of a rise in sales taxes inspired the creation of a secret society of tax evaders who believed they could outsmart the system. They ultimately failed but did manage to throw some pretty wild underground parties.. Fact: Sales tax is the government's way of saying, 'Thanks for keeping the economy alive! Now, give us a little more of your hard-earned cash.'.
- Headline: Retires From Parents' Group. Impact: O McKay's retirement from the parents' group led to an unexpected chain reaction of parents finally realizing they could have lives outside of school committees. The movement for sanity in parenting began!. Fact: Quitting a parents' group is like unplugging from a chaotic matrix; suddenly, you remember what life was like before endless bake sales and committee meetings!.
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)