James Clayton (1893 - 1982)

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Summary

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James Clayton Biography & Family History

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Birth

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Cause of death

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Obituary

Last Known Residence

Jeannette, Westmoreland County, Pennsylvania

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Education

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Gender

Male

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Timeline

1893 - In the year that James Clayton was born, on May 5th, a crash on the New York Stock Exchange started a depression that lasted 4 years. It was the beginning of the Panic of 1893.

1934 - At the age of 41 years old, James was alive 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.

1954 - When he was 61 years old, from April 22 through June 17th, the Army v. McCarthy hearings were held. The U.S. Army accused Roy Cohn (chief counsel to Senator McCarthy and later trusted mentor of Donald Trump) of blackmail. McCarthy and Cohn accused the U.S. Army of harboring communists. The Army allegations were found to be true. The U.S. Senate later censured McCarthy.

1956 - At the age of 63 years old, James 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.

1982 - In the year of James Clayton's passing, on June 30th, time ran out on the Equal Rights Amendment (ERA). The Amendment had only received 35 of the necessary 38 state ratifications. First sent to the states in 1972, the Amendment stated that "Equality of rights under the law shall not be denied or abridged by the United States or by any State on account of sex".

James Clayton Family Tree

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Obituary

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James Clayton passed away in November 1982 at 88 years old. No cause of death has been listed. He was born on November 11, 1893. We are unaware of information about James's immediate family. We know that James Clayton had been residing in Jeannette, Westmoreland County, Pennsylvania.

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