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Gustof F Stenbeck 1907 - 1993

Gustof F Stenbeck of Corona del Mar, Orange County, CA was born on July 9, 1907, and died at age 85 years old on April 4, 1993.

Gustof F Stenbeck
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Corona del Mar, Orange County, CA 92625
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July 9, 1907
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April 4, 1993
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Updated: November 8, 2011
Biography ID: 72434255 What's this
Gustof F Stenbeck Gustof Stenbeck (1907 - 1993)
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Gustof F Stenbeck's History: 1907 - 1993

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  • 07/9
    1907

    Birthday

    July 9, 1907
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    Unknown
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  • 04/4
    1993

    Death

    April 4, 1993
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    Gustof F Stenbeck lived 9 years longer than the average family member when died at the age of 85.
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In 1907, in the year that Gustof F Stenbeck 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.
Did you know?
In 1933, when this person 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.
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Gustof F Stenbeck Jul 9, 1907 - Apr 4, 1993
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Other Biographies

Other Stenbeck Family Biographies

Stenbeck, Mary (Jan 11, 1873 - Aug 15, 1966) Stenbeck, Mary (Nov 25, 1919 - Dec 17, 2010) Stenbeck, Dorothy (Sep 14, 1901 - Nov 18, 1998) Stenbeck, Hilda (Jul 25, 1906 - Nov 15, 1996) Stenbeck, Harry (Feb 20, 1912 - Jan 1977) Stenbeck, Emil (Apr 28, 1879 - Jun 1964) Stenbeck, Carol (Jul 19, 1934 - Feb 1985) Stenbeck, Son (Jan 19, 1951 - Mar 1985) Stenbeck, Claire (Mar 16, 1924 - Mar 4, 2009) Stenbeck, Margaret (May 19, 1899 - Feb 1975)
Stenbeck, Dorothy (Nov 18, 1921 - Jun 28, 2003) Stenbeck, Sigrid (Jan 10, 1886 - Mar 1987) Stenbeck, Harry (Sep 18, 1903 - Oct 7, 1988) Stenbeck, Alf (Oct 4, 1907 - Feb 16, 1988) Stenbeck, Henning (May 22, 1882 - Mar 1966) Stenbeck, Henning (Mar 19, 1914 - Dec 2, 1989) Stenbeck, Catherine (Nov 3, 1906 - Jan 1981) Stenbeck, Richard (Oct 26, 1893 - Nov 1968) Stenbeck, Einer (Oct 30, 1891 - Jun 1965) Stenbeck, John (Nov 20, 1920 - Oct 10, 2001)
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