James Townsend (1929 - 1974)

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Summary

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James Townsend Biography & Family History

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Timeline

1929 - In the year that James Townsend was born, the St. Valentine's Day Massacre happened on February 14th. In Chicago, seven men from the North Side Irish gang were gunned down by Al Capone's South Side Italian gang at the garage at 2122 North Clark Street. Al Capone was making a successful move to take over Chicago's organized crime. But the St. Valentine's Day massacre also resulted in a public outcry against all gangsters.

1934 - At the age of only 5 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.

1951 - By the time he was 22 years old, on April 5th, Julius and Ethel Rosenberg (husband and wife) were sentenced to death for treason. They were executed on June 19th. American citizens, they were convicted of spying for the Soviet Union. Their two young sons were adopted by a high school teacher and his wife.

1961 - When he was 32 years old, on April 17th, about 1,000 CIA trained Cuban exiles invaded Cuba with the intention of igniting a rebellion and overthrowing Castro. They were defeated within three days. Although the operation began under Eisenhower, Kennedy approved it and the operation, named the Bay of Pigs for the beach where they landed, was a humiliation for the United States.

1974 - In the year of James Townsend's passing, on July 30th, the House Judiciary Committee adopted three articles of impeachment against President Nixon. He was charged with obstruction of justice, failure to uphold laws, and the refusal to produce material subpoenaed by the committee. In order to avoid impeachment, Richard M. Nixon announced that he would resign on August 8th, the first President to do so.

James Townsend Family Tree

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Obituary

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James Townsend passed away in January 1974 at 44 years old. No cause of death has been entered for James. He was born on July 22, 1929. We are unaware of information about James's family.

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