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Charles Shedrick Edwards 1907

Charles Shedrick Edwards was born in 1907. Charles Edwards got married to Annie Edwards, and has children Richard Lee Edwards, Robert Vernon Edwards, Margert Anne (Edwards) Frye, Charles William Edwards, and Loris Virginia (Edwards) Ross.

Charles Shedrick Edwards

1907

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Charles Shedrick Edwards Charles Edwards (born 1907)

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Charles Shedrick Edwards' History: 1907

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1907

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1907

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In 1907, in the year that Charles Shedrick Edwards 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 1929, on March 4th, Herbert Hoover became the 31st President of the United States. Early in his presidency, the October stock market crash - "Black Tuesday" - occurred, which lead to the Great Depression. None of his economic policies were able to make a dent in the Depression. This lead to one term and the election of Democrat Franklin D. Roosevelt winning the 1933 election in a landslide.

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