Breakthroughs and everyday innovations from the year.
HEADLINES ON June 29, 1955
Full News Archive
- Headline: Chess Team Manager Wins Moscow Audience. Impact: In a bizarre twist of fate, the positive reception of the American chess team in Moscow somehow led to a global chess boom, resulting in a world where chess grandmasters are treated like rockstars. Move over, Taylor Swift, there's a new king in town!. Fact: Did you know that chess was once banned in Russia? So, the fact that Americans were welcomed is basically like inviting a cat to a dog show!.
- Headline: Nassau Beaches Granted Swimming Permits. Impact: The decision to permit 55 beaches led to an explosion in beach culture, which eventually resulted in the invention of sunscreen and the bikini. Who knew bureaucratic red tape could lead to sunburns and questionable fashion choices?. Fact: Fun fact: It took 55 permits for the beaches to open, but just one bad decision to ruin your beach day by forgetting the sunscreen!.
- Headline: Distributor Mistaken for Manufacturer in Navy Mixes. Impact: This minor mix-up in drink manufacturing inadvertently led to a national debate about accountability, which spiraled into companies having to take responsibility for everything from soda to space travel. Thanks, Grubbs!. Fact: Did you know that a drink manufacturer can be blamed for a hangover? Just ask anyone who drank too much of that questionable mix!.
- Headline: CONTRACT RATIFIED BY G. M. WORKERS. Impact: The ratification of the contract by G.M. workers led to a ripple effect in labor rights movements, which eventually sparked protests that made 'the union' a household name. Who knew car contracts could fuel social change?. Fact: Did you know that every time a G.M. worker ratifies a contract, a fairy loses its wings? Just kidding, but it sure feels like it!.
- Headline: Senate, 42-41, Bars Atomic 'Peace Ship'; SENATE VOTE BARS ATOM 'PEACE SHIP'. Impact: The Senate's decision to bar the atomic 'Peace Ship' inadvertently fueled conspiracy theories about government secrecy and the militarization of peace. This led to a generation of people believing the only way to achieve world peace is through a good PR campaign.. Fact: Did you know that the phrase 'peace ship' is basically government speak for 'let's send this to the bottom of the ocean'?.
- Headline: Air Crash Kills Two Officers. Impact: The tragic air crash that killed two officers prompted an overhaul of aviation safety regulations, leading to the creation of the modern cockpit and the phrase 'check your six'βwhich, oddly enough, has nothing to do with air travel.. Fact: A staggering number of aviation accidents have led to more safety regulations than any other industry. So, thank your pilots for being more cautious than your average Uber driver!.
- Headline: Warning on Credit Issued. Impact: L.S. Stamm's warning on credit led to the birth of financial literacy programs and the emergence of a generation obsessed with budgeting. Who would've thought that a simple warning could lead to the explosion of couponing culture?. Fact: Did you know that the average American spends 80% of their time worrying about credit, and the other 20% regretting their last purchase? Thanks, L.S. Stamm!.
- Headline: STRIKE IMMINENT, U. S. STEEL WARNS; Industry Firm on Pay Offer -- Furnaces Are Banked STRIKE IMMINENT, U. S. STEEL WARNS. Impact: The imminent strike threat from U.S. Steel sparked a chain reaction that led to improved labor negotiations in the steel industry and beyond, eventually resulting in the creation of the 'talk it out' method of conflict resolution. Who knew steel could make us feel so soft?. Fact: Fun fact: The only thing harder than steel is getting a group of workers to agree on lunch plans!.
- Headline: P.S.C. TO GET PLEA ON PHONE DEVICE; Mohawk Business Machines Seeks Right to Install Answering Equipment. Impact: Mohawk Business Machines' quest for tariff-free installation of answering devices led to the age of automated customer service, which we now all love to hate. Thanks to this, people today can experience the joy of talking to machines instead of actual humans!. Fact: Did you know that the first answering machine was invented in 1935? It was as reliable as your last five voice mail messages!.
Wall Street Time Machine
IBM
IBM
IBM - If you invested $1,000 in 1955, it would be worth $205,272 today (205.3x return)
PFE
Pfizer
Pfizer - If you invested $1,000 in 1955, it would be worth $168,691 today (168.7x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1955, it would be worth $3,433,941 today (3433.9x return)