Breakthroughs and everyday innovations from the year.
HEADLINES ON January 10, 1974
Full News Archive
- Headline: Germany's Gasoline Flow Gains in 1974. Impact: The lifting of the weekend driving ban led to a sudden spike in road rage incidents that would inspire an entire generation of dashcam videos. Who knew gas could fuel both cars and drama?. Fact: Fun fact: If you thought gas prices were bad now, just wait until you realize that they were once so low that driving bans were necessary. Talk about a time warp!.
- Headline: EXPORTING LANDS FREEZE OIL PRICES. Impact: OPEC's refusal to lower oil prices led to a rollercoaster of economic fluctuations that would confuse economists for decades. Spoiler: they never really got off the ride.. Fact: Did you know that OPEC's meetings were rumored to have more drama than a reality TV show? Who knew oil could cause such a stir?.
- Headline: SUIT CHALLENGES BAN ON PATIENTS. Impact: The challenge against the ordinance banning mental patients set a precedent that would ripple through mental health laws, leading to more rights for individuals and an eventual increase in awareness and advocacy. Go, progress!. Fact: Did you know that this lawsuit was like a pebble thrown into a pond, causing ripples of change? Just without the picturesque setting..
- Headline: Poll Finds Oil Crisis Laid to Government And Big Companies. Impact: The Gallup Poll findings laid the groundwork for future blame-shifting in politics, where every crisis would become a game of 'pass the buck.' Thanks for the playbook, Nixon.. Fact: Did you know that blaming the government is a timeless tradition? It’s practically a sport at this point, with fans from all walks of life!.
- Headline: FoodPricesHereUp By 0.7% in a Week; 5‐Week Rise Is 5%. Impact: The slight uptick in food prices would lead to panic-buying, inflation fears, and the eventual creation of an entire subculture of coupon collectors. Thanks for the crisis, Elinor!. Fact: Did you know that a 0.7% increase in food prices could spark a frenzy worthy of a Black Friday sale? Just remember to bring your elbows!.
Wall Street Time Machine
CVX
Chevron
Chevron - If you invested $1,000 in 1974, it would be worth $222,233 today (222.2x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1974, it would be worth $2,553,677 today (2553.7x return)
BA
Boeing
Boeing - If you invested $1,000 in 1974, it would be worth $1,592,290 today (1592.3x return)