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Malted milk was originally manufactured as an artificial infant food. It became better known in the USA as the basis for malted milkshakes, which were invented in 1922Events January 7 Dali Eireann ratifies the Anglo-Irish Treaty by 64-57 votes. January 10 Arthur Griffith is elected President of Dail Eireann January 11 First successful insulin treatment of diabetes. January 12 British government releases Irish prisoners by a soda jerkSoda jerk is the name for the person—typically specific to young men—who works the soda fountain in a drugstore. The term is somewhat archaic these days, as there are very few drugstores that still serve ice cream and soda. at a WalgreensWalgreens is a convenience store and pharmacy chain in the United States. It was founded in Chicago, Illinois in 1901. It has since expanded throughout the United States. Its headquarters is now located in Deerfield, Illinois, a suburb of Chicago. CVS/pha drug store in Chicago.