it was a HUGE teaching we as JWs used at the time to show how close the end was. I am sure it would be downplayed now by current JWs as not a big deal, but I certainly remember it being repeated over and over during my childhood.
I agree. It was a major point that was repeated over and over to me by the top JWs in my area. I heard it said over and over that a generation is 70 yrs but could be 80 yrs at the max. 80 years from 1914 is 1994. So 1994 was the absolute limit.
And don't forget, they had already bought themselves some time prior to that. The teaching used to be that a person had to be old enough to recognize what was going on in 1914, so he had to be at least ten years old. That means he would have been born in 1904 and the limit would have been 1984. They bought themselves some time by changing that and saying that a person could have been born in 1914 and wouldn't have to have been able to recognize what was going on.
So that bought them about ten years. Then when time ran out on them in 1994, they changed the teaching again, and things got clear as mud.
I remember the series of articles like it was yesterday. I had been pioneering for a number of years and had all my eggs in the JW basket. Looking back, I think that's when it started going downhill for me. I really thought at that point that they were just guessing and that they simply had to change the teaching because time ran out on them. I strongly felt that there was no divine guidance involved.
I am sure it would be downplayed now by current JWs as not a big deal
I think it's actually worse than that. I believe most of the new generation of JWs don't even know about it. I posted on this site a few months ago an experience I had. A 32-yr-old JW tried to informal witness to me in a parking lot. She had never heard of Fred Franz, knew nothing of the old generation teachings, probably didn't understand the current one, etc. A lot of our conversation revolved around me explaning her own doctrines to her and relating the history of her organization.