16 May 1929 Posted on May 16, 2016 by Staff The first Academy Awards are awarded. Famous Words of Inspiration..."It is better to sleep on things beforehand than lie awake about them afterward." Baltasar Gracian — Click here for more from Baltasar Gracian Related posts: 16 May 1929 16 August 1929 17 January 1929 11 August 1929 7 June 1929 24 October 1929 7 November 1929