Joseph F Mager (1907 - 1987)

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Summary

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Joseph F Mager Biography & Family History

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Birth

Death

Cause of death

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Obituary

Last Known Residence

Miami, Miami-Dade County, Florida

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Education

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Middle name

F

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Gender

Male

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Timeline

1907 - In the year that Joseph F Mager 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.

1944 - When he was 37 years old, on June 22nd, the Servicemen's Readjustment Act of 1944, called the G.I. Bill, was signed into law, pushed through by the veteran's organizations. Benefits provided for veterans to return to school (high school, vocational school, or college), obtain low interest home mortgages and low interest business loans, and (if needed) one year of unemployment insurance. Since most returning vets immediately found work, less than 20% of the unemployment benefits were distributed.

1955 - Joseph was 48 years old when on September 30th, movie star James Dean, 24, died in a car accident. He was headed in his new Porsche 550 to a race in Salinas California when, traveling at 85 mph, he collided with a 1950 Ford Tudor, also speeding, driven by a 23 year old college student. Dean died, his passenger and the other driver survived.

1976 - At the age of 69 years old, Joseph was alive when on August 4th, a mysterious illness struck an American Legion convention in Philadelphia. Within a week, 25 people had died and 130 people had been hospitalized. It was the first known instance of what came to be called "Legionnaires Disease."

1987 - In the year of Joseph F Mager's passing, on October 19th, stock exchanges around the world crashed. Beginning in Hong Kong then spreading to Europe, the crash then hit the United States. It was called Black Monday. The Dow Jones fell 508 points to 1,738.74 (22.61%).

Joseph F Mager Family Tree

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Obituary

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Joseph F Mager died on October 8, 1987 at 80 years old. There is no known cause of death for Joseph. He was born on April 12, 1907. We have no information about Joseph's surviving family. We know that Joseph F Mager had been residing in Miami, Miami-Dade County, Florida.

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