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James Folsom 1907 - 1998

James Folsom of Daytona Beach, Volusia County, FL was born on August 15, 1907, and died at age 90 years old on April 12, 1998.

James Folsom

Daytona Beach, Volusia County, FL 32114

August 15, 1907

April 12, 1998

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James Folsom James Folsom (1907 - 1998)

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James Folsom's History: 1907 - 1998

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08/15

1907

Birthday

August 15, 1907

Birthdate

Unknown

Birthplace

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04/12

1998

Death

April 12, 1998

Death date

Unknown
Cause of death

Unknown
Death location

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James Folsom lived 16 years longer than the average family member when died at the age of 90.

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James Folsom lived 16 years longer than the average family member when died at the age of 90.

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In 1907, in the year that James Folsom 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 1922, he was just 15 years old when the Reparations Commission assessed German liability for World War 1 at 132 billion gold marks (over $32 billion U.S. dollars at the time). This led to hyperinflation in Germany and created the political and social atmosphere in which Hitler was able to rise to power.

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James Folsom's Family Tree & Friends

James Folsom's Family Tree

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James Folsom Aug 15, 1907 - Apr 12, 1998

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