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Ernest Wartenberg 1907 - 2000

Ernest Wartenberg of Philadelphia, Philadelphia County, PA was born on July 20, 1907, and died at age 92 years old on May 30, 2000.

Ernest Wartenberg

Philadelphia, Philadelphia County, PA 19149

July 20, 1907

May 30, 2000

Male

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Ernest Wartenberg Ernest Wartenberg (1907 - 2000)

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Ernest Wartenberg's History: 1907 - 2000

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07/20

1907

Birthday

July 20, 1907

Birthdate

Unknown

Birthplace

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05/30

2000

Death

May 30, 2000

Death date

Unknown
Cause of death

Unknown
Death location

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Ernest Wartenberg lived 16 years longer than the average family member when died at the age of 92.

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Ernest Wartenberg lived 16 years longer than the average family member when died at the age of 92.

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In 1907, in the year that Ernest Wartenberg 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 1947, Ernest was 40 years old when in June, the Marshall Plan was proposed to help European nations recover economically from World War II. It passed the conservative Republican Congress in March of 1948. After World War I, the economic devastation of Germany caused by burdensome reparations payments led to the rise of Hitler. The Allies didn't want this to happen again and the Marshall Plan was devised to make sure that those conditions didn't arise again.

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Ernest Wartenberg's Family Tree & Friends

Ernest Wartenberg's Family Tree

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Ernest Wartenberg Jul 20, 1907 - May 30, 2000

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