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George Dammann 1907 - 1971

George Dammann of Lombard, Du Page County, Illinois was born on October 15, 1907, and died at age 63 years old in August 1971.

George Dammann

Lombard, Du Page County, Illinois 60148

October 15, 1907

August 1971

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George Dammann George Dammann (1907 - 1971)

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George Dammann's History: 1907 - 1971

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10/15

1907

Birthday

October 15, 1907

Birthdate

Unknown

Birthplace

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08/dd

1971

Death

August 1971

Death date

Unknown
Cause of death

Unknown
Death location

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George Dammann lived 13 years shorter than the average family member when died at the age of 63.

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George Dammann lived 13 years shorter than the average family member when died at the age of 63.

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In 1907, in the year that George Dammann 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 1918, he was merely 11 years old when federal spending was $12.68 billion, unemployment was 1.4% and the cost of a first-class stamp was 3 cents.

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George Dammann's Family Tree & Friends

George Dammann's Family Tree

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George Dammann Oct 15, 1907 - Aug 1971

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