Breakthroughs and everyday innovations from the year.
HEADLINES ON July 5, 1959
Full News Archive
- Headline: Qantas Launches Pacific Jet Service. Impact: The launch of Qantas' Pacific Jet Service caused a ripple effect that led to the invention of in-flight cocktails, which eventually spiraled into the modern-day need for travelers to consume overpriced drinks at 30,000 feet. Who knew a jet service could lead to a global drinking culture?. Fact: Fun fact: Qantas originally stood for 'Queensland and Northern Territory Aerial Services'βbecause who doesn't want their airline's name to sound like a geography quiz?.
- Headline: The Rise of the Pallid Look in America. Impact: The 'Pallid' Look trend led to a fashion revolution that spawned an entire generation obsessed with unrealistic beauty standards, ultimately resulting in the invention of Instagram filters. Thanks, 1960s makeup trends, for paving the way for our selfie-obsessed future!. Fact: In the 1960s, women wore white lipstick to channel their inner ghost. Because nothing says 'fashion' like looking like you just crawled out of a haunted house..
- Headline: Benson Celebrates Independence Day in Copenhagen. Impact: Benson's appearance at the Copenhagen Fete is believed to have inspired a new wave of diplomatic parties, leading to an era where world leaders would rather have a cocktail than resolve actual conflicts. Cheers to that!. Fact: Copenhagen is known for its pastries, but who knew it also hosted diplomatic events that were essentially just excuses for cake and small talk?.
- Headline: ES-SOLH BACK IN BEIRUT; Lebanese Ex-Premier Returns From Exile. Impact: The return of Ex-Premier es-Solh from exile sparked a series of political soap operas in Lebanon that would rival any daytime television drama, affecting political alliances for decades to come. 'As the Middle East Turns' could've been a hit show!. Fact: Lebanon's political history is like a game of musical chairsβeveryone's just hoping not to be left standing when the music stops..
- Headline: SAAR TO ACHIEVE ECONOMIC LINK-UP TO BONN TONIGHT; Step Is Hailed as Removing 'Last Burden of French-German Relations' SAAR COMPLETES BONN TIE TONIGHT. Impact: Saar's economic link-up to Bonn is considered the first major step in mending French-German relations, leading to a series of treaties that would eventually make EU bureaucracy possible. Thanks, Saarland, for laying the groundwork for endless paperwork!. Fact: Saarland's history is a classic case of 'It's complicated'βlike your relationship status on Facebook, but with more treaties..
- Headline: NEW PARK AREA NEAR NYACK; Facilities for Bathing And Picnicking Open At Rockland Lake. Impact: The opening of new park facilities near Nyack led to a surge in picnicking, which ultimately resulted in the invention of online picnic planning apps. Because why wouldn't you need an app to coordinate sandwiches?. Fact: Rockland Lake State Park is a prime example of nature's way of saying, 'Here's some grass, go sit on it and eat your lunch.'.
- Headline: CAR BUYER TO GET WIDE SIZE CHOICE; Big Three's Offering in '60 to Include Both Larger and Smaller Models Car Buyer to Get Widest Choice of Sizes SOME AUTOS GROW; OTHERS TO SHRINK Industry Aims to Maintain Wide Gap Between Low and High Price Lines. Impact: The Big Three's car size choices led to an automotive arms race, culminating in the sheer absurdity of giant SUVs, making parking lots look like a game of Tetris. Thanks for the chaos, 1960s car market!. Fact: The phrase 'bigger is better' might've started with cars, but it really took off with pizza sizes. Coincidence? I think not!.
- Headline: Taiwan Jets Down 4 MIG's Off Matsu; TAIWAN AIR UNIT BATTLES 12 MIG'S. Impact: Taiwan's downing of MIGs not only escalated tensions in the region but also inadvertently led to the creation of a global defense industry focused on selling weapons to anyone who could pay. Who knew air battles would lead to a shopping spree?. Fact: The conflict over Taiwan has been ongoing for decades, proving that sometimes, countries can't just agree to disagreeβsomeone always has to bring a fighter jet to the party..
- Headline: INVESTMENT SPUR GAINS IN CONGRESS; Bill to Reduce or Defer Tax on Foreign Income Shows Revival of Interest INVESTMENT SPUR GAINS IN CONGRESS. Impact: The revival of interest in tax incentives for foreign investments became the catalyst for multinational corporations to expand their reach, ultimately leading to the concept of the 'global economy'βwhere your favorite coffee shop might be owned by a conglomerate in another country.. Fact: Tax incentives for foreign investments are like a tempting dessert: easy to get excited about but can lead to a world full of unexpected consequencesβlike a sugar crash!.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1959, it would be worth $3,433,940 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1959, it would be worth $586,657 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1959, it would be worth $23,651,341 today (23651.3x return)