Foster Smith (1912 - 1973)

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Summary

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Foster Smith Biography & Family History

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Timeline

1912 - In the year that Foster Smith was born, the RMS Titanic sank in April. The RMS Titanic was a British built and run passenger liner that was billed as "unsinkable." On its maiden voyage from Southampton England to New York City, carrying about 2,224 passengers and crew - from the wealthiest people in the world to poor emigrants from Europe, the Titanic hit an iceberg. Five of her watertight compartments failed but she was designed to survive only 4 being flooded. She began to sink. There were only enough lifeboats for about half of the passengers so over 1,000 remained behind while "women and children first" were loaded. Over 1500 died, making it the largest maritime disaster in modern history.

1934 - When he was 22 years old, 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.

1945 - Foster was 33 years old when 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.

1961 - At the age of 49 years old, Foster was alive when on August 13th, East Germany began erection of what would become the Berlin Wall between East and West Berlin. In one day, they installed barbed wire entanglements and fences (called Barbed Wire Sunday in Germany). On August 17th, the first concrete elements and large blocks were put in place.

1973 - In the year of Foster Smith's passing, on January 28th, the Paris Peace Accord was signed - supposedly ending the Vietnam War. Hostilities continued between North and South Vietnam and the U.S. continued to bomb. But by August 15, 1973, 95% of American troops had left Vietnam. The war ended in 1975 with the fall of Saigon.

Foster Smith Family Tree

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Obituary

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Foster Smith died in November 1973 at age 61. No cause of death has been entered. He was born on October 26, 1912. There is no information about Foster's family or relationships.

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