Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year β Top 10 Pop & Country chart toppers
HEADLINES ON October 21, 1971
Full News Archive
- Headline: Vatican Critiques US Monetary Practices. Impact: This indictment led to a secret Vatican initiative to replace all monetary systems with a universal communion wafer currency. Imagine the chaos of trying to buy a car with bread!. Fact: The Vatican has its own bank, but let's be honest, they don't take Monopoly money..
- Headline: Willy Brandt: A Peacemaker's Legacy. Impact: Brandt's peace-building efforts inadvertently inspired a future line of 'Bridge Builder' toys. Who knew diplomacy could lead to so many plastic-block constructions?. Fact: Willy Brandt was known for his 'Brandt Plan'βnot to be confused with a plan for better sandwich branding..
- Headline: Nader's Consumer Advocacy in Britain. Impact: Nader's campaign in the UK sparked a series of consumer protection laws, which ultimately resulted in the UK adopting a 'Nader's Not Allowed' policy for all subsequent consumer advocates.. Fact: Ralph Nader once ran for president, proving that even advocacy can be a full-time jobβwho knew saving consumers could be so political?.
- Headline: U.S. Will Study Charges of Mistreatment at Attica. Impact: The investigation into Attica's mistreatment opened the floodgates for prison reform, which ironically led to the creation of reality TV shows that focus on prison lifeβbecause nothing says 'justice' like entertainment.. Fact: Attica Prison was the site of a major uprising in 1971, which highlighted the need for prison reformβbecause the status quo was just too comfortable..
- Headline: Monetary Order Asked. Impact: Sarnoff's push for liberalized trade created a butterfly effect leading to the eventual rise of 'free trade zones' where people can buy cheap knock-offs of everything in every country.. Fact: RCA was once the major player in electronics, but now itβs just a nostalgic name that people remember when they think about old TVs..
- Headline: New Sales to Soviet For Truck Factory Licensed by the U.S.. Impact: The decision to supply foundry equipment to the USSR led to the development of a secret Soviet truck that could transport their best kept secretsβlike how to make borscht taste like freedom.. Fact: This deal was worth over $280 million, which is probably why the U.S. was keen on making sure those trucks were built strongβgotta protect that capitalist investment!.
- Headline: RUSSIAN DERIDES U.S PLAN ON CHINA. Impact: The Russian derision of U.S. plans caused a rift that led to decades of Cold War banter, with both sides constantly trying to one-up each other in the most ridiculous ways possible.. Fact: The U.S. and USSR had a mutual understanding that they could poke fun at each other, leading to some of the best spy movies of all time. Thanks for the laughs, Cold War!.
- Headline: Two OutβofβState Residents Win $100,000 Lottery Here. Impact: The lottery win sparked a nationwide trend of 'lottery fever,' leading to the invention of scratch-off tickets, which have become the adult version of 'pin the tail on the donkey.'. Fact: Winning a lottery is like finding a unicornβexcept this unicorn is made of cash and has a very real chance of ruining your life..
- Headline: KNAPP UNIT HEARS OF POLICE BRIBES OF UP TO $1,500. Impact: The testimony about police bribes led to a comedic series of law enforcement bloopers, showing that corruption can be both tragically serious and absurdly ridiculous at the same time.. Fact: Police corruption stories often sound like plotlines from bad cop moviesβbecause sometimes, truth is stranger than fiction..
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)