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Joseph P Clardy 1907 - 1992

Joseph P Clardy was born on May 1, 1907, and died at age 84 years old on January 23, 1992. Family, friend, or fan, this family history biography is for you to remember Joseph P Clardy.

Joseph P Clardy

May 1, 1907

January 23, 1992

Male

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Joseph P Clardy Joseph Clardy (1907 - 1992)

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Joseph P Clardy's History: 1907 - 1992

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05/1

1907

Birthday

May 1, 1907

Birthdate

Unknown

Birthplace

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01/23

1992

Death

January 23, 1992

Death date

Unknown
Cause of death

Unknown
Death location

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Did you know?

Joseph P Clardy lived 12 years longer than the average family member when died at the age of 84.

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Joseph P Clardy lived 12 years longer than the average family member when died at the age of 84.

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Did you know?

In 1907, in the year that Joseph P Clardy 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 1934, Joseph was 27 years old 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.

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