How effective?

I found the motion effects really charming, because they were so amateur by our standards: running down the Eiffel tower (they just looked like they were running in place), the nausea at the end, the car chases with people bouncing up and down while scenery moved around them, the unspectacular, Keystone-coplike crashes. I wonder if that was considered well done in its time. I saw part of "Jaws" recently and was shocked to see how fake it all looked. And that was from the '70s. It makes me wonder whether motion effects that we consider really realistic today are going to be laughable in 20 years. Or do you think big-budget filmdom has pretty much mastered the special effect?

Does anyone have a guess on what the first film was to use the device of newspaper headlines?