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John R Novak 1907 - 1987

John R Novak of Bartlett, Du Page County, IL was born on July 20, 1907 in Manhattan County, NY, and died at age 80 years old on October 7, 1987.
John R Novak
Bartlett, Du Page County, IL 60103
July 20, 1907
Manhattan County, NY
October 7, 1987
Male
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John R Novak's History: 1907 - 1987

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  • 07/20
    1907

    Birthday

    July 20, 1907
    Birthdate
    Manhattan County, NY
    Birthplace
  • 10/7
    1987

    Death

    October 7, 1987
    Death date
    Unknown
    Cause of death
    Unknown
    Death location
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  • Did you know?
    John R Novak lived 6 years longer than the average family member when died at the age of 80.
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Did you know?
In 1907, in the year that John R Novak 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 1934, when he was 27 years old, 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.
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John Novak's Family Tree & Friends

John Novak's Family Tree

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