Breakthroughs and everyday innovations from the year.
HEADLINES ON September 1, 1971
Full News Archive
- Headline: Ackley Advocates for Economic Stability Compact. Impact: If only Ackley had called for a 'Compact on World Peace' instead! But alas, the focus on pay-price stabilization led to a chain reaction of economic debates that would ultimately inspire the birth of countless online forums dedicated to arguing about inflation.. Fact: Did you know that 'pay-price stabilization' is just a fancy way of saying, 'Letβs all agree to pretend that prices arenβt rising while we quietly pay more for our morning coffee?'.
- Headline: Robbery Shakes East Side Club Members. Impact: The robbery of 30 East Side Club members kickstarted a new trend in security measures. This led to the invention of the 'club bouncer'βa title that would eventually become synonymous with 'no one gets in without a hefty cover charge and a questionable background check.'. Fact: Fun fact: Masked men robbing private clubs is basically the blueprint for every heist movie ever made. Hollywood was just waiting for the right inspiration!.
- Headline: Japan Advocates for Gold-Dollar System. Impact: Japan's preference for a gold-dollar system led to a rush of gold mining in unexpected places, including the local backyard of every conspiracy theorist who thought gold was the only safe investment. Cue the rise of gardening with gold-plated shovels.. Fact: Did you know that the phrase 'gold standard' originally referred to a type of currency and not the standard for how much glitter one can apply to a social media post?.
- Headline: PANTHER RAID CASE GETS A NEW JUDGE. Impact: The introduction of a new judge in the Panther Raid case inadvertently sparked a series of courtroom dramas that would inspire countless TV shows about lawyers, proving that American audiences love a good courtroom battle more than they love actual justice.. Fact: Did you know that Judge Power was so influential, his name became synonymous with courtroom drama? Too bad there wasnβt a reality show back then to capture his every move!.
- Headline: U.S. Aide Is Found Dead In Embassy in West Africa. Impact: The unfortunate passing of U.S. aide Donald Leahy in West Africa triggered a series of diplomatic meetings that led to the realization that maybe sending aides to dangerous locations wasnβt the best idea. Who would've thought?. Fact: Did you know that the 'diplomatic envoy' is just a fancy term for 'person who gets sent to do the dangerous stuff while others sip tea safely at home'?.
- Headline: Census Bureau Finds Lost River's Not Lost. Impact: The 'Lost River' fiasco became a cautionary tale for census takers everywhere. This led to the creation of the motto: 'Double-check before you declare a town dead!'βa mantra that still echoes through town halls to this day.. Fact: Did you know that 'Lost River' has more residents than some towns that actually exist? Maybe it should have its own reality show for the 'ghost town' experience!.
- Headline: Extra Shirt Pocket Is Allowed as Basis For Price Increase. Impact: The allowance of extra shirt pockets for price increases paved the way for fashion designers to justify outrageous prices for their clothing. Now, every time you see a pocket on a shirt, you can almost hear the cash registers ringing in delight.. Fact: Did you know that adding a pocket is the fashion equivalent of putting a cherry on top of an overpriced sundae? It's all about the marketing, baby!.
- Headline: Questions and Answers by Cost of Living Council on Issues in Freeze. Impact: The Cost of Living Council's endless Q&A sessions sparked a national pastime of questioning everything. This led to the creation of countless memes about the cost of living that continue to haunt social media to this day.. Fact: Did you know that the Cost of Living Council was basically the original FAQ section? They just didn't have the internet to make it go viral!.
- Headline: Britain's Penny Loses Status. Impact: Britain's decimalization process caused a ripple effect leading to the eventual death of all things quirky in currency. Goodbye, beloved odd-shaped coins; hello, bland uniformity! The world sighed collectively.. Fact: Did you know that the octagonal threepenny piece was actually popular among collectors long before it became a mere footnote in currency history? Now itβs just a sad memory of what could have been!.
- Headline: Western RollerβCoaster a Hit in Soviet. Impact: The success of the Western Roller-Coaster in the USSR brought a wave of amusement parks to Russia, leading to the eventual rise of the 'Russian roller coaster'βa terrifying experience that involves more twists and turns than a political debate.. Fact: Did you know that the first Soviet roller coaster was so thrilling, it was rumored to be a test run for potential space rockets? Strap in, comrades!.
Wall Street Time Machine
INTC
Intel
Intel - If you invested $1,000 in 1971, it would be worth $199,890 today (199.9x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1971, it would be worth $590,335 today (590.3x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1971, it would be worth $373,578 today (373.6x return)