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The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON May 6, 1972
Full News Archive
- Headline: Push for Environmental Protection Legislation. Impact: The push for environmental accountability not only led to stricter regulations, but also sparked a series of protests that eventually inspired a group of teenagers to spend their summers hugging trees and posting about it on social media, leading to the rise of eco-influencers. Who knew that saving the planet could come with a side of avocado toast?. Fact: The Sierra Club was founded in 1892, proving that environmental advocacy has been 'in style' long before it was cool..
- Headline: SEC Revokes Johnston Associates' Broker-Dealer Registration. Impact: The revocation of Johnston Associates' registration sent shockwaves through the financial world, leading to a game of 'who can break the most laws without getting caught' that would make even the wildest Wall Street bro raise an eyebrow. Spoiler alert: they all got caught eventually.. Fact: The SEC was formed in 1934 as a response to the Great Depression. So you know, it’s not like they were just sitting around eating donuts..
- Headline: On McGovern and Goldwater…. Impact: The comparison between McGovern and Goldwater sparked a new era of political analysis, leading to countless pundits citing 'historical parallels' as they try to make sense of today's political circus. As if history ever really repeats itself, right?. Fact: Barry Goldwater's '64 campaign was so radical that it made people question if the Republican Party was going to implode, which it kind of did, but hey, they’re still around, right?.
- Headline: North Vietnam Charges U.S. Bombs Hit 3 Provinces. Impact: North Vietnam's claims about U.S. bombings created an intriguing narrative that would influence public opinion, ultimately resulting in a generation of Americans who were much more interested in protesting than in understanding the complexities of foreign policy. A true win for the art of distraction!. Fact: The Vietnam War is often referred to as the first 'televised war.' Because nothing says 'we're in a moral crisis' like watching it unfold in high definition from your living room..
- Headline: DOLLAR DEVALUED BY U.S. FORMALLY. Impact: The dollar's devaluation caused a ripple effect that led to many people questioning their financial decisions, but ultimately resulted in everyone feeling a little poorer, and a whole lot more confused about what 'par value' actually means. Spoiler: it’s not just a fancy term for 'money problems.'. Fact: The dollar has been devalued several times in U.S. history, which just goes to show that inflation is as American as apple pie—just a little more painful to digest..
- Headline: 4 Fear‐Pervaded Hours Described by Passenger. Impact: The passenger’s harrowing experience led to increased safety regulations in air travel, resulting in a generation of travelers who now have to deal with TSA security lines that feel like an eternity. Thanks, fear-peddling airlines!. Fact: Air travel has come a long way since the days of flying in a tin can. But hey, at least now we have Wi-Fi to distract us from the existential dread of flying..
- Headline: 64% OF COMPANIES SUPPORT CONTROLS. Impact: The survey showing support for wage and price controls became a catalyst for endless debates about economic policy, leading to a generation of economists who spent more time arguing than solving real problems. Who knew controlling inflation could be so controversial?. Fact: Wage and price controls were a hot topic during the 1970s, and they never really went out of style—kind of like bell-bottoms, just less fashionable and more confusing..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1972, it would be worth $343,942 today (343.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1972, it would be worth $269,286 today (269.3x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1972, it would be worth $292,010 today (292.0x return)