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Carroll Borne 1934 - 1975

Carroll Borne of Thibodaux, Lafourche County, Louisiana was born on October 23, 1934, and died at age 41 years old in October 1975.

Carroll Borne

Thibodaux, Lafourche County, Louisiana 70301

October 23, 1934

October 1975

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Carroll Borne Carroll Borne (1934 - 1975)

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Carroll Borne's History: 1934 - 1975

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10/23

1934

Birthday

October 23, 1934

Birthdate

Unknown

Birthplace

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10/dd

1975

Death

October 1975

Death date

Unknown
Cause of death

Unknown
Death location

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Carroll Borne lived 32 years shorter than the average family member when died at the age of 40.

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Carroll Borne lived 32 years shorter than the average family member when died at the age of 40.

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In 1934, in the year that Carroll Borne was born, 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.

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In 1942, Carroll was merely 8 years old when due to World War II, automobile production in the United States was stopped on February 1st. A tire rationing program had begun the month before. Detroit - the main hub of car manufacturing - was ordered to free up assembly lines for military production. The president of the Automobile Manufacturers Association said “The automotive industry is in this war all the way". Some dealerships had to close and others expanded their repair shops. The used car market boomed (as did a black market in used cars).

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