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Charles Carney 1907 - 1981

Charles Carney of Philadelphia, Philadelphia County, PA was born on November 7, 1907, and died at age 73 years old in September 1981.

Charles Carney

Philadelphia, Philadelphia County, PA 19140

November 7, 1907

September 1981

Male

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Charles Carney Charles Carney (1907 - 1981)

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Charles Carney's History: 1907 - 1981

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11/7

1907

Birthday

November 7, 1907

Birthdate

Unknown

Birthplace

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09/dd

1981

Death

September 1981

Death date

Unknown
Cause of death

Unknown
Death location

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Charles Carney lived exactly as long as the average family member when died at the age of 73.

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Charles Carney lived exactly as long as the average family member when died at the age of 73.

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In 1907, in the year that Charles Carney 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 1923, he was 16 years old when the Teapot Dome scandal became the subject of an investigation by Senator Walsh and severely damaged the reputation of the Harding administration. Secretary of the Interior Albert Bacon Fall was convicted of accepting bribes from oil companies and became the first Cabinet member to go to prison. At the time, the Teapot Dome scandal was seen as "greatest and most sensational scandal in the history of American politics".

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