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Bernice Swantek 1907 - 1979

Bernice Swantek of Detroit, Wayne County, Michigan was born on November 4, 1907, and died at age 71 years old in April 1979.

Bernice Swantek

Detroit, Wayne County, Michigan 48228

November 4, 1907

April 1979

Female

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Bernice Swantek Bernice Swantek (1907 - 1979)

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Bernice Swantek's History: 1907 - 1979

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11/4

1907

Birthday

November 4, 1907

Birthdate

Unknown

Birthplace

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04/dd

1979

Death

April 1979

Death date

Unknown
Cause of death

Unknown
Death location

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Bernice Swantek lived 2 years shorter than the average family member when died at the age of 71.

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Bernice Swantek lived 2 years shorter than the average family member when died at the age of 71.

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In 1907, in the year that Bernice Swantek 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.

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In 1933, at the age of 26 years old, Bernice was alive when 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.

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