Breakthroughs and everyday innovations from the year.
HEADLINES ON July 4, 1955
Full News Archive
- Headline: British Dockers End Walkout in 1955. Impact: The end of the dockers' walkout set off a chain reaction that led to the invention of the first union-approved coffee break. Little did they know, this would eventually evolve into a global coffee culture where people now spend more time discussing their latte art than actual work.. Fact: If you think voting to go back to work is a big deal, wait until you hear about the time an entire country voted to take a day off for a national holiday. Spoiler: they never went back!.
- Headline: Legacy of Sir John S. Storey. Impact: Sir John S. Storey’s name is now synonymous with the phrase 'who?', leading historians to speculate that he may have accidentally inspired the phrase 'great minds think alike'—just not his.. Fact: In a shocking twist, Sir John S. Storey never actually made it into the history books, mainly because he didn’t have a catchy nickname. 'Sir John S. Storey: The Man with the Initials' doesn't quite have the same ring, does it?.
- Headline: Major Milestone in U.S. Debt Management. Impact: The staggering amount of one-year maturities caused a time ripple where future generations started hoarding cash, thinking it would lead to an apocalypse. Spoiler alert: it didn't, but now we have a whole lot of piggy banks.. Fact: Did you know that if you stacked $62,770,582,976 in $1 bills, you could reach the moon? Unfortunately, no one has yet had the ambition to try it—probably because they were busy counting their zeroes..
- Headline: WILLIAM. V. TOFFEY. Impact: William V. Toffey's name faded into obscurity, creating a vacuum that allowed future William V.'s to shine, including a certain William V. who invented the concept of 'V for Victory'—and also lost a lot of spelling bees.. Fact: The only thing more common than the name William is the number of people who can’t remember who William V. Toffey is. He was like the 'Where’s Waldo?' of history—always there, but no one bothered to look..
- Headline: Moscow Air Show Unveils 4-Jet Transport-Airliner; Moscow Aviation Show Unveils A Four-Jet Transport-Airliner. Impact: The unveiling of the four-jet transport-airliner led to the creation of the world’s first in-flight meal that wasn't just a sad sandwich. This revolutionized air travel and made us all question why we ever settled for peanuts.. Fact: In a twist of fate, the first jet airliner was so efficient that it ended up causing more arguments about legroom than actual transportation. Talk about taking off into chaos!.
- Headline: BERLIN TO BUILD GARMENT CENTER; $4,800,000 Project Similar to One in Manhattan to Be Aided by U. S. Funds. Impact: Berlin's garment center project, funded by U.S. aid, inadvertently kickstarted the global fashion industry, leading to a time loop where people still wear questionable outfits in the name of 'style'.. Fact: If you think $4.8 million sounds like a lot for a garment center, just wait until you see what high fashion charges for a torn t-shirt today. Spoiler: it’s a lot more than your average mortgage..
- Headline: DESAPIO HINTS BID BY HARRIMAN IN '56; Confident State's Delegates Will Support Governor for Presidential Nomination HARRIMAN '56 BID SEEN BY DESAPIO. Impact: Desapio's hints about Harriman's '56 bid set off a political domino effect that would make future politicians believe that public confidence is all about name-dropping and not actual qualifications. Who knew charisma could replace competence?. Fact: In the world of politics, hints are basically the same as full-blown campaign ads. So if you ever see a politician winking, just know they’re probably running for president in a very indirect way..
- Headline: NEWSPAPER PLANT BOMBED IN CHILE; Attack on Journal Ascribed to Its Campaigns Against President and Military. Impact: The bombing of the newspaper plant in Chile sparked a wave of journalistic integrity that spread across the globe, leading to a rise in investigative reporting—though the irony is lost on many who still can't tell fact from fiction.. Fact: The attack was so shocking that it inspired a new genre of journalism: 'the dramatic retelling.' It’s basically like gossip but with a much heavier word count and fewer sources..
- Headline: STEEL PRODUCTS IN TIGHT SUPPLY; Extensive Backlogs Indicate High Production Rate for Foreseeable Future HEAVY INFLUX OF ORDERS Carryover Problem Big One -- Consumers Feel Effect of Broken Delivery Promises STEEL PRODUCTS IN TIGHT SUPPLY. Impact: The tight supply of steel products led to an overabundance of DIY projects, with every homeowner suddenly believing they could build their own mansion. Spoiler: most ended up with backyard sheds that barely stayed upright.. Fact: If you thought waiting for steel deliveries was tough, try being a homeowner in the '60s. They basically invented the phrase 'patience is a virtue' while waiting for a fence to arrive..
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)