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 September 28, 1951
Full News Archive
- Headline: Mischievous Dog Steals Spotlight in NYC. Impact: The dog that stole the show sparked a chain reaction leading to the rise of canine influencers and dog fashion weeks. If only the dog had known, it could have capitalized on its 15 minutes of fame and launched a career in reality TV.. Fact: Did you know that National Dog Week was actually created to encourage people to adopt and care for rescue dogs? But let's be real, most just celebrated with cute dog outfits and treats instead..
- Headline: Beef Price Control Introduced in 1951. Impact: Retail ceiling prices for beef caused a nationwide panic that led to the infamous 'Beef Black Market of '56'. People were trading steaks like they were rare PokΓ©mon cards.. Fact: Did you know that ceiling prices often lead to shortages? So, basically, the government was just playing a game of economic whack-a-mole with your dinner..
- Headline: Innovative French Fabrics Debut in 1951. Impact: The introduction of acetate yarn in French mills led to an unforeseen fashion revolution, leading to the '80s neon disaster that haunts us all to this day. Thanks, acetate!. Fact: Did you know that acetate is derived from wood pulp? So, technically, you could call your polyester-blend outfit a 'nature-inspired' choice..
- Headline: $100,000 CLAIM ON CITY; Follows Clearance of Man in Subway Arrest Over Suitcase. Impact: This lawsuit against NYC set a precedent for countless others, leading to an era where everyone thought they could sue for anything. Thanks to this guy, the phrase 'sue me' took on a whole new meaning.. Fact: Did you know that false imprisonment cases can sometimes lead to actual imprisonment? A real plot twist straight out of a courtroom drama!.
- Headline: S.E.C. DENIES PLEA OVER UNITED CORP.; Rejects Charge of Bias Based on 'Favoring' Ex-Members at Hearing on Stock Fees. Impact: The SEC's refusal to disqualify certain members led to a series of loophole exploits that would inspire a generation of 'creative' accountants. This effectively gave rise to the term 'financial gymnastics'.. Fact: Did you know that the SEC was originally created to protect investors? Kind of ironic, considering it sounds like they were just throwing a party for the financial elite instead..
- Headline: PACT SET BY UNION AND PHELPS DODGE; Terms Withheld Until Ratified --Settlement Second With One of Copper's 'Big Four'. Impact: The union's pact with Phelps Dodge led to the rise of labor negotiations that would make or break entire industries. Workers everywhere were suddenly asking, 'What would Phelps Dodge do?'. Fact: Did you know that the term 'big four' originally referred to companies that made enough money to fund a small country's GDP? Because who doesn't love a good oligopoly?.
- Headline: Paris Cabbies Threaten To Obey the Traffic Rules. Impact: Paris cabbies threatening to obey traffic rules led to the eventual establishment of traffic laws that were actually enforced, resulting in orderly chaos. Who knew that following the rules could be so revolutionary?. Fact: Did you know that obeying traffic rules is actually a suggestion in Paris? Itβs like a polite request to not turn the streets into a game of bumper cars..
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)