Breakthroughs and everyday innovations from the year.
HEADLINES ON July 25, 1956
Full News Archive
- Headline: Landmark Case on Rental Discrimination. Impact: This ruling set off a chain reaction where landlords across Canada breathed a sigh of relief, thinking they could legally refuse service to anyone. Little did they know, this would eventually lead to social movements that would have them scrambling to catch up with modern anti-discrimination laws. Who knew discrimination could be so... backward? . Fact: Did you know that the term 'Negro' was once considered appropriate? Yeah, just like bell-bottom jeans and mulletsβsome things just donβt age well..
- Headline: Eisenhower's Labor Policy Evaluation. Impact: Eisenhower's policies led to a delightful instability in labor relations, paving the way for future presidents to either embrace or completely disdain unions. Itβs like a game of political dodgeballβwho will get hit next?. Fact: Fun fact: 'Clear it with Sidney' is not just a policyβitβs also the title of Eisenhower's unofficial memoir on how to avoid accountability..
- Headline: Lincoln Tenants Demand Eviction Settlements. Impact: This dispute likely inspired future tenant rights movements, as they realized that sometimes the best way to get a landlord's attention is to demand a ludicrous sum. This would lead to the creation of the classic 'how to evict without really evicting' playbook.. Fact: Did you know that $3,000 in 1950s money would be around $30,000 today? So really, they were just asking for what the place was worth! .
- Headline: 2 ARE INDICTED IN GAS LOBBYING; Lawyers and Oil Company Named in $2,500 Gift 2 ARE INDICTED IN GAS LOBBYING Ten Acts Specified Neff Declines Comment. Impact: This indictment added fuel to the fire of public distrust in lobbyists, leading to a glorious era of conspiracy theories about oil companies controlling the world. Spoiler alert: they really do.. Fact: Did you know that $2,500 is basically the price of a decent used car? Think of all the wheels that could have been bought instead of influencing legislation!.
- Headline: Gantt Award Announced. Impact: The bestowal of this prestigious award may have inadvertently set off a race among engineers to outdo each other, ultimately leading to the modern obsession with awards and accolades. Thanks, Gantt, for making mediocrity a competitive sport!. Fact: Did you know Gantt charts are still used today? Yes, because nothing says 'Iβm organized' like using a chart that looks complicated enough to confuse a toddler..
- Headline: F.T.C. ACCUSES 9 IN GROCERY FIELD; Manufacturers Are Alleged to Favor Some Food Chains by 'Free' Network Time Gist of the Complaints Analysis of the Plans. Impact: This accusation sparked a chain reaction of grocery store loyalty programs, leading to the modern supermarket landscape where you can get a discount on cereal if you buy 50 gallons of milk. Thanks for the coupons, FTC!. Fact: Did you know that grocery store loyalty programs were originally designed to reward you for shopping at the same store? Now they just reward you for being indecisive about which cereal to buy..
- Headline: AUDITOR INDICTED BY ILLINOIS PANEL; Grand Jury Charges Hodge With Embezzlement and Forging State Checks. Impact: This indictment served as a reminder for future auditors to keep their hands off the funds, leading to the establishment of stricter financial oversight. Who would have thought that crime doesn't pay, especially when the state is watching?. Fact: Did you know that the term 'embezzlement' comes from the word 'to embezzle'? Just kidding, it actually means 'to steal money that isn't yours.'.
- Headline: HEALTH BILL APPROVED; Senate Votes Grants to Help Teaching of Nursing. Impact: This bill likely catalyzed a wave of nursing programs, resulting in an influx of nurses who would later save countless lives. Who knew a bunch of senators could actually contribute to something useful?. Fact: Did you know that nursing is often referred to as a 'calling'? Probably because it calls upon you to deal with the absurdities of healthcare!.
- Headline: Evan I. Kelly Is Indicted. Impact: This indictment might have encouraged future tax evaders to be more creative with their loopholes, leading to a delightfully intricate game of financial hide-and-seek that continues today.. Fact: Did you know that tax evasion is like a game of Monopoly? You can win big, but youβll probably end up in jail sooner or later..
Wall Street Time Machine
PFE
Pfizer
Pfizer - If you invested $1,000 in 1956, it would be worth $168,691 today (168.7x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1956, it would be worth $3,433,939 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1956, it would be worth $586,657 today (586.7x return)