Alejo Calaro (1907 - 1980)

Refresh this page to see various historical events that occurred during Alejo's lifetime.

In 1907, in the year that Alejo Calaro 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 1925, when he was 18 years old, gangster Al "Scarface" Capone took over the Chicago bootlegging racket at age 26. Previously right hand man to boss Johnny Torrio, Capone took over when Torrio was shot and severely injured and decided to resign. The bootlegging and brothel organization was massive and when asked what he did, Capone often replied "I am just a businessman, giving the people what they want".

In 1958, he was 51 years old when on January 31st, Explorer I, the United States' answer to Sputnik I (and 2,) was launched. America had entered the Space Race. The first spacecraft to detect the Van Allen radiation belt, it remained in orbit until 1970.

In 1972, he was 65 years old when on June 17th, 5 men were arrested by police in an attempt to bug the Democratic National Committee headquarters in Washington D.C.’s Watergate hotel. The burglars were found to be paid by cash from a slush fund used by the Committee for the Re-Election of the President - the official organization of President Nixon's campaign.

In 1980, in the year of Alejo Calaro's passing, on April 24th, a rescue attempt was begun in the Iranian Hostage Crisis. The attempt failed and 8 US servicemen were killed. Eight helicopters had been sent for the mission, but only 5 arrived in operating condition., Since the military had advised that the mission be aborted if there were fewer than 6 helicopters, President Carter stopped it. Upon leaving, a helicopter collided with a transport plane and the men were killed.