JULY 1, 1956

Full News Archive

• Headline: Banks Thrive Amid Rising Costs in 1956. Impact: The banks thriving in '56 led to a nationwide obsession with credit. Fast forward a few decades, and voilà! We have the 2008 financial crisis, where everyone pretended they could pay off their debts with imaginary money. Thank you, 1956!. Fact: If you think rising costs are a modern phenomenon, just remember that the only thing that rises faster than bank earnings is your anxiety when opening your credit card bill..
• Headline: Inside the Eisenhower White House Revealed. Impact: This unprecedented close-up of the White House was the beginning of the end for political privacy. Who knew that years later, we'd be live-tweeting presidential bathroom breaks?. Fact: Eisenhower's administration was so well-documented that if he had a secret, it was likely recorded in a government memo. Talk about a 'no secrets' policy!.
• Headline: THE FINANCLAL WEEK; In Face of Steel Crisis, Market Rises Again --Inflation Ahead? Capitol Outlays Snappy Comeback. Impact: As the market rises in the face of a steel crisis, it set the precedent for future generations to ignore the obvious signs of economic trouble, effectively making 'panic' the new normal. Thanks, 1956!. Fact: The only thing more inflated than the market was the egos of investors who thought they could predict the next big crash. Spoiler alert: they couldn’t..
• Headline: NEWS AND NOTES FROM THE FIELD OF TRAVEL; UPSTATE SPA WILDLIFE TOURS NEW RUN FOR LINER SEASIDE FESTIVAL NEW DINING PLAN TO THE BAD LANDS CARIBBEAN ISLANDS HERE AND THERE. Impact: This travel news set the stage for the future of tourism where wildlife tours become less about the wildlife and more about the Instagram opportunities. Who cares about nature when you can get likes?. Fact: Miss Dixie scoring contestants was probably the first instance of competitive judging that led to reality TV. So, you can thank this for both your vacation and your guilty pleasure binge-watching..
• Headline: CHANDLER CLAIMS KENTUCKY CONTROL. Impact: Chandler's claim to Kentucky control initiated a trend of political power struggles that would lead to more drama than any reality show, proving that politics is just a soap opera without the good-looking actors.. Fact: The only thing more confusing than Kentucky politics is trying to explain to someone why horse racing is a legitimate sport, but party leadership isn't..
• Headline: MOROCCANS CLAIM AREAS IN SAHARA; Dispute With Algeria Looms on Fixing of Frontiers-- Move Called Political Moroccan Claims Outlined Political Move Suspected. Impact: Moroccan claims in the Sahara not only stirred political tensions but also paved the way for future international disputes. It’s like playing a game of Jenga but with entire countries, and everyone’s too stubborn to back down.. Fact: The political maneuvering over territorial claims is basically the adult version of 'I called dibs first,' proving that some things never change..
• Headline: PROPERTY OWNERS EMPHASIZE DESIGN; Los Angeles Parley Also Sees Community Planning as Vital to Prosperity PROPERTY OWNERS EMPHASIZE DESIGN Community Problems Cited. Impact: The emphasis on design at the Los Angeles property owners' parley sparked a future obsession with aesthetics in architecture, giving rise to countless Instagram-worthy buildings that are all style and no substance.. Fact: If only property owners had emphasized functionality as much as design, we might not be living in homes that look like they belong in a Pinterest board gone wrong..
• Headline: Heads Senate Photographers. Impact: W J Forsythe being chosen as the first Superintendent of Senate Press Photographers Gallery ensured that every political gaffe would be immortalized in grainy photos for generations to come, paving the way for meme culture.. Fact: The Senate Photographers Gallery is proof that even politicians can't escape the clutches of the paparazzi—because who wouldn’t want a candid shot of someone signing a bill?.