Breakthroughs and everyday innovations from the year.
HEADLINES ON August 30, 1955
Full News Archive
- Headline: Detroit Siege Ends with Gunman Dead. Impact: The death of the gunman led to stricter gun control laws, but also to a thriving underground market for novelty weapons, like rubber chickens and foam swords. A revolution in cosplay ensued.. Fact: You'd think a four-hour siege would end in a dramatic shootout scene in a movie, but in reality, it was just a really long episode of 'Cops'..
- Headline: Dutch Scouts Explore New York City. Impact: These scouts returning from NYC likely inspired a new wave of Dutch tourism, leading to the invention of the 'Dutch Treat'βa delightful way to share the bill while pretending to be culturally enlightened.. Fact: They say the early bird gets the worm, but in this case, the scout got the bagel and lox. New York City: where every meal is a cultural experience!.
- Headline: British Woman Arrested in Drug Case. Impact: This narcotics case scandal led to a series of dramatic soap operas in Canada, where MPs' wives became the stars, causing a nationwide spike in popcorn sales during evening broadcasts.. Fact: If only Mrs. Pursey had stuck to knitting, she might have avoided the whole mess. Canada: where even narcotics cases can come with a side of plaid..
- Headline: COAL ACCORD IN ILLINOIS; Major Operators' Group Signs Wage Pact With U. M. W.. Impact: The wage pact led to an influx of workers seeking better conditions, which eventually resulted in the invention of the coffee breakβa revolutionary concept that changed workplace dynamics forever.. Fact: Illinois coal operators signing a wage pact is essentially the 1950s equivalent of your brother finally sharing his video game controller. Progress, sort of!.
- Headline: Elected as a Trustee Of Community Service. Impact: Mrs. Clark's election as trustee inspired a wave of community service initiatives, which ultimately led to the creation of the first-ever 'Do Good, Get Cookies' program.. Fact: Being elected as a trustee is like being the designated driver for your friendsβa lot of responsibility and not nearly enough thanks..
- Headline: CURBS CHARM SCHOOLS; U. S. Orders 2 Here to Revise Collection Practices. Impact: The FTC's crackdown on charm schools led to a surge in the popularity of online dating, where charm is optional and awkwardness is encouraged.. Fact: Charm schools and their practices were basically early social mediaβexcept the only 'likes' you got were from your teachers, and they were paid to be nice..
- Headline: Plymouth Line, Age 24, To Get Own Dealerships. Impact: Chrysler's decision to create separate dealerships for Plymouths led to a massive increase in car sales, but also a dramatic rise in the number of mid-life crises.. Fact: The Plymouth line getting its own dealerships is kind of like giving the quiet kid in class their own spotlightβsurprising, yet somehow expected..
- Headline: ISRAEL'S FORCES OUTWEIGH ARABS'; Her Arms and Men Found to Be in Fine Shape While Foes Lack Unity and Strength. Impact: Israel's military strength led to a realignment of power in the Middle East, creating a chain reaction of alliancesβwho knew geopolitical chess could be this complicated?. Fact: It's funny how military strength can dictate peace talks, much like how your dog determines the couch's seating arrangements..
- Headline: U. N. IN KOREA BIDS NEUTRAL UNIT QUIT; Calls Dissolution of 4-Power Group 'Only Solution' in Armistice Disputes U. N. IN KOREA BIDS NEUTRALS LEAVE. Impact: The dissolution of the 4-Power Group set a precedent for future UN operations, resulting in a reality where diplomatic discussions often occur over coffee instead of armed conflict.. Fact: The UN's call to dissolve the neutral unit is basically the bureaucratic equivalent of saying, 'You guys are getting too loud; can you just take it outside?'.
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)