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Clayton Brower 1907 - 1986

Clayton Brower of Brooklyn, Kings County, New York was born on February 13, 1907, and died at age 79 years old in February 1986.

Clayton Brower

Brooklyn, Kings County, New York 11224

February 13, 1907

February 1986

Male

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Clayton Brower Clayton Brower (1907 - 1986)

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Clayton Brower's History: 1907 - 1986

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02/13

1907

Birthday

February 13, 1907

Birthdate

Unknown

Birthplace

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02/dd

1986

Death

February 1986

Death date

Unknown
Cause of death

Unknown
Death location

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Clayton Brower lived 4 years longer than the average family member when died at the age of 78.

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Clayton Brower lived 4 years longer than the average family member when died at the age of 78.

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Did you know?

In 1907, in the year that Clayton Brower 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 1934, Clayton was 27 years old when 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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