Kenneth Farlow (1918 - 1977)

Refresh this page to see various historical events that occurred during Kenneth's lifetime.

In 1918, in the year that Kenneth Farlow was born, on November 1, an elevated train on the Brooklyn line of the subway - driven by an inexperienced operator because of a strike - tried to navigate a turn at 30mph. The limit on the curve was 6 mph. The 2nd and 3rd cars of the 5 car wooden train were badly damaged and at least 93 people were killed, making it the deadliest crash in New York subway history.

In 1934, Kenneth was 16 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.

In 1944, when he was 26 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.

In 1958, he was 40 years old when on January 1st, the European Economic Community (Common Market) came into operation. The first members were France, West Germany, Italy, the Netherlands, Belgium, and Luxembourg. The Common Market was formed as a way to strengthen members' economies and deter wars in Europe.

In 1977, in the year of Kenneth Farlow's passing, on January 20th, Jimmy Carter became the 39th President of the United States. Running against incumbent Gerald Ford, he won 50.1% of the popular vote to Ford's 48.0%. He was elected to only one term.