Albert Bainbridge (1894 - 1961)

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Summary

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Albert Bainbridge Biography & Family History

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Timeline

1894 - In the year that Albert Bainbridge was born, large reserves of oil were discovered on the Osage Indian reservation in Oklahoma. Previously thought to be "useless" land - not even good for farming - the tribe had bought the land themselves. The discovery of oil made the Osage the "richest group of people in the world" at the time.

1912 - He was 18 years old when Arizona was admitted to the United States in February (on Valentine's Day). It became the 48th state in the Union. Previously a Spanish - then Mexican - territory, the U.S. paid $15 million dollars for the area in 1848. Arizona was the last of the contiguous states to be admitted to the United States.

1934 - He was 40 years old when on June 6th, the U.S. Securities and Exchange Commission was formed as a response to the stock market crash of 1929 and the continuing Great Depression. Previously, the states regulated the offering and sales of stocks - called "blue sky" laws. They were largely ineffective. Roosevelt created a group (one member was Joseph Kennedy, father of the future President Kennedy) who knew Wall Street well and they defined the mission and operating mode for the SEC. The new organization had broad and stringent rules and oversight and restored public confidence in the stock market in the United States.

1947 - Albert was 53 years old when on April 15th, Jackie Robinson joined the Brooklyn Dodgers, playing first base. He was the first black man to play in the Major Leagues. Since the 1880's, professional baseball had been segregated and blacks played in the "Negro leagues". He went on to play for 10 years.

1961 - In the year of Albert Bainbridge's passing, on August 13th, East Germany began erection of what would become the Berlin Wall between East and West Berlin. In one day, they installed barbed wire entanglements and fences (called Barbed Wire Sunday in Germany). On August 17th, the first concrete elements and large blocks were put in place.

Albert Bainbridge Family Tree

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Obituary

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Albert Bainbridge died in June 1961 at age 66. No cause of death has been entered. He was born on July 2, 1894. There is no information about Albert's surviving family.

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