Breakthroughs and everyday innovations from the year.
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The biggest hits of the year β Top 10 Pop & Country chart toppers
HEADLINES ON July 12, 1957
Full News Archive
- Headline: Hoffa Associate's Mistrial Ruling. Impact: This mistrial set off a chain reaction, causing lawyers everywhere to start claiming they were as misunderstood as Hoffa. The ensuing βLawyer-Defendantβ support group meetings became a cultural phenomenon, focusing on the struggles of being misunderstood and underappreciated.. Fact: Fun fact: 'mistrial' is just lawyer-speak for 'whoops, my bad!'.
- Headline: Accusations of Maritime Monopoly in 1957. Impact: This accusation led to a decade-long game of Monopoly between the U.S. government and Matson, where they argued over who could build the most hotels in Hawaii. Spoiler: the government won, but only because they started charging rent.. Fact: Monopoly was originally created to teach about the evils of capitalism. So, good job, America!.
- Headline: U.S. SETTLES PLANE CASE; 2 Kaiser-Frazer Subsidiaries Get Million on Contracts. Impact: After this settlement, Kaiser-Frazer decided to pivot to making luxury jets, which led to the creation of the first 'flying car'βbut only in the dreams of engineers who forgot how aerodynamics work.. Fact: One million dollars in 1950s terms could probably buy you a small island, or at least a really nice car. What a steal!.
- Headline: A MONUMENT TO NESTOR; Ancient King's Palace to Be Preserved, Athens Decides. Impact: The preservation of King Nestor's palace sparked an archaeological renaissance, leading to the popular belief that all ancient ruins are just elaborate vacation homes. Thanks, Instagram!. Fact: Nestor was known for his wisdom, which makes you wonder how heβd feel about people taking selfies in front of his ancient palace..
- Headline: A Southern Victory; An Evaluation of the Civil Rights Debate And Separation of the Segregation Issue. Impact: This debate opened the floodgates for endless discussions that are still going today, leading to the invention of the 'Twitter debate' where everyoneβs an expert and no oneβs right.. Fact: The 'Southern Victory' sounds like a euphemism for a very awkward family reunion where no one agrees on anything..
- Headline: One Dies, 3 Hurt as Fiery Blast Darkens Downtown Skyscraper; ONE DEAD, 3 HURT IN BROAD ST. FIRE. Impact: This tragic event resulted in stricter fire codes, which ironically led to a new generation of buildings that were completely fireproof but utterly devoid of character. Thanks, bureaucracy!. Fact: Fires in skyscrapers are like reality TVβone moment itβs all fun and games, and the next, itβs a serious situation..
- Headline: MARILYN LEVY A BRIDE; Wed Here to Jordan Metzger N.Y.U. Law Alumnus. Impact: This wedding set off a chain reaction of law students questioning their life choices, leading to a 20% surge in βlawyer-themedβ wedding gifts, including legal pads and briefcases.. Fact: Marilynβs wedding to a law alumnus proved that love is indeed blindβespecially when it comes to the future of those student loans..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1957, it would be worth $3,433,941 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1957, it would be worth $586,657 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1957, it would be worth $23,651,363 today (23651.4x return)