Ada B Weisenberg 1907 - 1997
Ada Weisenberg's Biography
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Ada B Weisenberg
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1907 - 1997 World Events
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In 1907, in the year that Ada B Weisenberg was born, in October, over a 3 week period, the New York stock exchange fell almost 50% from the previous year's high mark. Public panic ensued and there were runs on banks since the U.S. was in the middle of a recession. J.P. Morgan offered his own fortune to back the banks and he was followed by other financiers. This temporarily shored up the banking system, stopping the immediate panic. All of this led to the creation of the Federal Reserve.
In 1915, she was just 8 years old when the Germans first used poison gas as a weapon at the second Battle of Ypres during World War I. While noxious gases had been used since ancient times, this was the first use of poisonous gas - in this case, lethal chlorine gas - in modern war. Subsequently, the French and British - as well as the United States when they entered World War 1 - developed and used lethal gas in war.
In 1933, by the time she was 26 years old, the day after being inaugurated, the new President, Franklin Roosevelt, declared a four-day bank holiday to stop people from withdrawing their money from shaky banks (the bank run). Within 5 days of his administration, the Emergency Banking Act was passed - reorganizing banks and closing insolvent ones. In his first 100 days, he asked Congress to repeal Prohibition (which they did), signed the Tennessee Valley Authority Act, signed legislation that paid commodity farmers to leave their fields fallow, thus ending surpluses and boosting prices, signed a bill that gave workers the right to unionize and bargain collectively for higher wages and better working conditions as well as suspending some antitrust laws and establishing a federally funded Public Works Administration, and won passage of 12 other major laws that helped the economy.
In 1966, she was 59 years old when on September 8th, the first Star Trek episode, "The Man Trap," was broadcast on NBC. The plot concerned a creature that sucked salt from human bodies. The original series only aired for 3 seasons due to low ratings.
In 1997, in the year of Ada B Weisenberg's passing, on July 1st, Hong Kong was returned to China. In 1898, Great Britain was awarded Hong Kong for 99 years. In a subsequent agreement, China agreed to allow Hong Kong to remain capitalist. So the handing over of the area ended British rule but did not change the economic system of Hong Kong.
