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Clarence Balque (1907 - 1987)

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Clarence Balque
1907 - 1987
Born
February 4, 1907
Death
January 1987
Last Known Residence
Hitchcock, Galveston County, Texas 77563
Summary
Clarence Balque was born on February 4, 1907. He died in January 1987 at 79 years old. We know that Clarence Balque had been residing in Hitchcock, Galveston County, Texas 77563.
Updated: November 8, 2011
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Clarence Balque
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Clarence Balque died in January 1987 at 79 years old. He was born on February 4, 1907. There is no information about Clarence's immediate family. We know that Clarence Balque had been residing in Hitchcock, Galveston County, Texas 77563.
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Refresh this page to see various historical events that occurred during Clarence's lifetime.

In 1907, in the year that Clarence Balque 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 1922, by the time he was only 15 years old, the Reparations Commission assessed German liability for World War 1 at 132 billion gold marks (over $32 billion U.S. dollars at the time). This led to hyperinflation in Germany and created the political and social atmosphere in which Hitler was able to rise to power.

In 1948, he was 41 years old when on January 30th, Mahatma Gandhi was assassinated in New Delhi by a member of a Hindu nationalist party who thought that Gandhi was too accommodating to Muslims. The man, Nathuram Godse, shot Gandhi 3 times. He died immediately. The shooter was tried, convicted, and hung in November 1949.

In 1964, at the age of 57 years old, Clarence was alive when on June 11th, activist Nelson Mandela was sentenced to life imprisonment in South Africa for conspiring to overthrow the state (because of his numerous anti-apartheid activities). He served 27 years in prison.

In 1987, in the year of Clarence Balque's passing, on October 19th, stock exchanges around the world crashed. Beginning in Hong Kong then spreading to Europe, the crash then hit the United States. It was called Black Monday. The Dow Jones fell 508 points to 1,738.74 (22.61%).

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