Carrie Williams
(1907 - 1981)
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In 1907, in the year that Carrie Williams 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 1929, by the time she was 22 years old, on October 29th (Black Tuesday), the stock market crashed in the United States. Billions of dollars were lost and some investors committed suicide as a result, having lost their fortunes. This ushered in the 12 year, worldwide Great Depression.
In 1934, by the time she was 27 years old, 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.
In 1975, she was 68 years old when on September 5th, Lynette "Squeaky" Fromme tried to assassinate President Ford in Sacramento, California. She failed when her gun wouldn't fire. President Ford escaped a second assassination attempt 17 days later on September 22 when Sarah Jane Moore tried to shoot him in San Francisco. A bystander saw her raise her arm, grabbed it, and the shot went wild.
In 1981, in the year of Carrie Williams's passing, on January 20th, Ronald Reagan became the 40th President of the United States. He ran against the incumbent, Jimmy Carter, and won 50.7% of the popular vote to Carter's 41.0%.
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