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Daniel Ferrone 1907 - 1986

Daniel Ferrone of Flushing, Queens County, NY was born on October 2, 1907, and died at age 79 years old in December 1986.

Daniel Ferrone

Flushing, Queens County, NY 11358

October 2, 1907

December 1986

Male

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Daniel Ferrone Daniel Ferrone (1907 - 1986)

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Daniel Ferrone's History: 1907 - 1986

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10/2

1907

Birthday

October 2, 1907

Birthdate

Unknown

Birthplace

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12/dd

1986

Death

December 1986

Death date

Unknown
Cause of death

Unknown
Death location

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Daniel Ferrone lived 3 years longer than the average family member when died at the age of 79.

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Daniel Ferrone lived 3 years longer than the average family member when died at the age of 79.

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In 1907, in the year that Daniel Ferrone 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, Daniel 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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Daniel Ferrone's Family Tree & Friends

Daniel Ferrone's Family Tree

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Daniel Ferrone Oct 2, 1907 - Dec 1986

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