Breakthroughs and everyday innovations from the year.
HEADLINES ON March 4, 1953
Full News Archive
- Headline: Mexico Suspends Bill Payments Amid Audit. Impact: By suspending payments, Mexico inadvertently inspired a generation of finance majors to write their theses on creative accounting, leading to a global obsession with Excel spreadsheets and balance sheets. Thanks, Mexico!. Fact: Did you know that Mexico's audacious move to audit contracts was actually the first step in a long line of procrastination that led to the invention of the phrase 'I'll get to it later'?.
- Headline: Education Funding Advocacy in 1953. Impact: This call for more education funding set off a chain reaction that eventually led to every government official ever declaring, 'Education is important!' while simultaneously cutting budgets. Bravo!. Fact: Fun fact: The phrase 'more funds for education' has been used so frequently that it's now recognized as a universal government placeholder for 'We're not doing anything about this.'.
- Headline: 1 of 83 Hurt in Airliner Mishap. Impact: The airliner mishap led to increased safety regulations, which in turn inspired the invention of the inflatable airplane seat cushion. Thank goodness for that, or we'd all be sitting on uncomfortable metal seats!. Fact: Did you know that the Super Constellation was named not for its speed but because it was the only plane that could actually hold more than three people without needing an oxygen mask?.
- Headline: Roosevelt Took Office 20 Years Ago Today When Country Was in Depth of Depression. Impact: Roosevelt's anniversary celebration sparked numerous attempts to rekindle the spirit of the New Deal, leading to a national obsession with social programs that still haunts politicians to this day.. Fact: Fun fact: Newswomen marking the anniversary later realized they had actually just aged 20 years in their quest for recognition. Time travel is a real thing, folks!.
- Headline: New Order Prepared On Propaganda Sources. Impact: New propaganda orders made everyone think they could be a government spokesperson, leading to a wave of unsolicited opinions on social media decades later. Thanks for that, Johnson!. Fact: Did you know that propaganda is just government-approved gossip? And we all know how well that goes over at family reunions!.
- Headline: U. S. ACTS TO CANCEL CITIZENSHIP OF RED. Impact: This drastic move to cancel citizenship set a dangerous precedent that would inspire future legislation on national identity, ultimately leading to a chaotic debate about what it really means to be a citizen.. Fact: Fun fact: The phrase 'denaturalize' sounds like a fancy way to say 'we're going to vote you off the island.'.
- Headline: MOSSADEGH FORCES CRUSH REDS' RALLY; Clubs and Guns Subdue Tudeh -- Premier Arrests 15 More as Backing Court Intrigue. Impact: Mossadegh's crackdown on the Tudeh rally prompted a series of events that would lead to a complicated love-hate relationship between Iran and the U.S., which continues to this day. Thanks for the drama!. Fact: Did you know that Tudeh translates to 'mass' in Persian? So, they were literally a 'mass' protest against being crushedβtalk about ironic!.
- Headline: CAPITAL WELCOMES VAN FLEET AS HERO; Eisenhower Decorates General -- House Committee to Hear Report on Korea Today. Impact: General Van Fleet's hero's welcome solidified the trope of the 'war hero,' paving the way for countless action figures and patriotic songs that ironically have very little to do with actual warfare.. Fact: Fun fact: Eisenhower's medals were so shiny that they sparked envy among all the other generalsβwho knew bling could be a military strategy?.
Wall Street Time Machine
CVX
Chevron
Chevron - If you invested $1,000 in 1953, it would be worth $474,914 today (474.9x return)
GE
General Electric
General Electric - If you invested $1,000 in 1953, it would be worth $487,501 today (487.5x return)
IBM
IBM
IBM - If you invested $1,000 in 1953, it would be worth $205,272 today (205.3x return)