Edward Carney (1907 - 1971)

Refresh this page to see various historical events that occurred during Edward's lifetime.

In 1907, in the year that Edward 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.

In 1939, when he was 32 years old, on the 1st of September, Nazi Germany invaded Poland. On September 17th, the Soviet Union invaded Poland as well. Poland expected help from France and the United Kingdom, since they had a pact with both. But no help came. By October 6th, the Soviet Union and Nazi Germany held full control of the previously Polish lands. Eventually, the invasion of Poland lead to World War II.

In 1945, by the time he was 38 years old, on January 20th, Franklin D. Roosevelt was sworn in to his fourth term as President of the United States. He died 82 days into his term and his new Vice-President, Harry Truman, became President.

In 1964, at the age of 57 years old, Edward 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 1971, in the year of Edward Carney's passing, in March, Intel shipped the first microprocessor to Busicom, a Japanese manufacturer of calculators. The microprocessor has since allowed computers to become smaller and faster, leading to smaller and more versatile handheld devices, home computers, and supercomputers.