On this day in 1936, the U.S. Baseball Hall of Fame elects its first members in Cooperstown, New York: Ty Cobb, Babe Ruth, Honus Wagner, Christy Matthewson and Walter Johnson. The Hall of Fame actually had its beginnings in 1935, when plans were made to build a museum devoted to baseball and its 100-year history. A private organization based in Cooperstown called the Clark Foundation thought that establishing the Baseball Hall of Fame in their city would help to reinvigorate the area's Depression-ravaged economy by attracting tourists. To help sell the idea, the foundation advanced the idea that U.S. Civil War hero Abner Doubleday invented baseball in Cooperstown. The story proved to be phony, but baseball officials, eager to capitalize on the marketing and publicity potential of a museum to honor the game's greats, gave their support to the project anyway. In preparation for the dedication of the Hall of Fame in 1939--thought by many to be the centennial of baseball--the Baseball Writers' Association of America chose the five greatest superstars of the game as the first class to be inducted: Ty Cobb was the most productive hitter in history; Babe Ruth was both an ace pitcher and the greatest home-run hitter to play the game; Honus Wagner was a versatile star shortstop and batting champion; Christy Matthewson had more wins than any pitcher in National League history; and Walter Johnson was considered one of the most powerful pitchers to ever have taken the mound. Today, with approximately 350,000 visitors per year, the Hall of Fame continues to be the hub of all things baseball. It has elected 278 individuals, in all, including 225 players, 17 managers, 8 umpires and 28 executives and pioneers.