Florence Parnes (1921 - 1987)

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

In 1921, in the year that Florence Parnes was born, the silent film The Sheik, directed by George Melford and starring Rudolph Valentino and Agnes Ayres (also featuring Adolphe Menjou) debuted on October 21st. Critics weren't enthusiastic but the public loved it - in the first few weeks 125,000 people had seen the movie - and it eventually exceeded $1 million in ticket sales. And Rudolph Valentino, an Italian American, became the heartthrob of a female generation.

In 1934, she was merely 13 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.

In 1944, when she was 23 years old, on June 22nd, the Servicemen's Readjustment Act of 1944, called the G.I. Bill, was signed into law, pushed through by the veteran's organizations. Benefits provided for veterans to return to school (high school, vocational school, or college), obtain low interest home mortgages and low interest business loans, and (if needed) one year of unemployment insurance. Since most returning vets immediately found work, less than 20% of the unemployment benefits were distributed.

In 1966, she was 45 years old when on July 1st, Medicare became available after President Johnson signed into law the Medicare Act in 1965. President Truman had received the first Medicare card since he had been the first to propose national healthcare law. insurance.

In 1987, in the year of Florence Parnes's passing, on October 19th, stock exchanges around the world crashed. Beginning in Hong Kong then spreading to Europe, the crash then hit the United States. It was called Black Monday. The Dow Jones fell 508 points to 1,738.74 (22.61%).