Bill Jackson Yancy
(born 1907)
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In 1907, in the year that Bill Jackson Yancy 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 1914, in August, the Panama Canal opened to traffic. Begun by the French in the 1880's and abandoned, the United States undertook further construction in 1904. After 10 years, and the elimination of malaria carrying mosquitoes (which caused immense delays for the French and the Americans), the 48 mile long artificial waterway - a series of locks - created a shortcut for ships traveling between the Atlantic and Pacific Oceans.
In 1928, Mickie Mouse was born! He first appeared in Disney's Steamboat Willie, along with Minnie. Although they were in two previous shorts, this was the first to be distributed. Steamboat Willie took advantage of the new technology and was a "talkie" - music was coordinated with the animation. It became the most popular cartoon of its day.
In 1939, on the 1st of September, Nazi Germany invaded Poland. On September 17th, the Soviet Union invaded Poland as well. Poland expected help from France and the United Kingdom, since they had a pact with both. But no help came. By October 6th, the Soviet Union and Nazi Germany held full control of the previously Polish lands. Eventually, the invasion of Poland lead to World War II.
In 1999, on January 1st, the Euro became the new official single currency of the eurozone. It was used by Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain and has since spread in use. Daily, over 337 million Europeans use the euro.
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