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James Railsback 1907 - 1982

James Railsback of Irvington, Mobile County, Alabama was born on August 26, 1907, and died at age 74 years old in May 1982.

James Railsback

Irvington, Mobile County, Alabama 36544

August 26, 1907

May 1982

Male

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James Railsback James Railsback (1907 - 1982)

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James Railsback's History: 1907 - 1982

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08/26

1907

Birthday

August 26, 1907

Birthdate

Unknown

Birthplace

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05/dd

1982

Death

May 1982

Death date

Unknown
Cause of death

Unknown
Death location

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James Railsback lived 3 years shorter than the average family member when died at the age of 74.

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James Railsback lived 3 years shorter than the average family member when died at the age of 74.

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In 1907, in the year that James Railsback 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 1920, when he was merely 13 years old, on January 1, over 6000 people were arrested and put in prison because they were suspected of being communists. . Many had to be released in a few weeks and only 3 guns were found in their homes. The U.S. Department of Justice "red hunt" netted thousands of "radicals" and suspected "communists" and aliens were deported. But the "hunt" ended after Attorney General Palmer forecast a massive radical uprising on May Day and the day passed without incident.

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