Ethel Underwood (1907 - 1980)

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Summary

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Ethel Underwood Biography & Family History

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Birth

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Cause of death

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Burial / Funeral

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Education

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Military Service

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Gender

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Timeline

1907 - In the year that Ethel Underwood 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.

1933 - By the time she was 26 years old, the day after being inaugurated, the new President, Franklin Roosevelt, declared a four-day bank holiday to stop people from withdrawing their money from shaky banks (the bank run). Within 5 days of his administration, the Emergency Banking Act was passed - reorganizing banks and closing insolvent ones. In his first 100 days, he asked Congress to repeal Prohibition (which they did), signed the Tennessee Valley Authority Act, signed legislation that paid commodity farmers to leave their fields fallow, thus ending surpluses and boosting prices, signed a bill that gave workers the right to unionize and bargain collectively for higher wages and better working conditions as well as suspending some antitrust laws and establishing a federally funded Public Works Administration, and won passage of 12 other major laws that helped the economy.

1936 - Ethel was 29 years old when on November 2nd, the British Broadcasting Corporation (BBC) debuted the world's first regular high-definition television service. The channel had a short schedule - Monday through Saturday, 3:00p to 4:00p and 9:00p to 10:00p. The first broadcast was "Opening of the BBC Television Service".

1956 - At the age of 49 years old, Ethel was alive when on May 20th, the U.S. tested the first hydrogen bomb dropped from a plane over Bikini Atoll. Previously, hydrogen bombs had only been tested on the ground. The Atomic Age moved forward.

1980 - In the year of Ethel Underwood's passing, on April 24th, a rescue attempt was begun in the Iranian Hostage Crisis. The attempt failed and 8 US servicemen were killed. Eight helicopters had been sent for the mission, but only 5 arrived in operating condition., Since the military had advised that the mission be aborted if there were fewer than 6 helicopters, President Carter stopped it. Upon leaving, a helicopter collided with a transport plane and the men were killed.

Ethel Underwood Family Tree

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Obituary

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Ethel Underwood passed away in July 1980 at 73 years of age. No cause of death has been listed. She was born on April 22, 1907. We are unaware of information about Ethel's family or relationships.

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