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Knud Nielsen 1907 - 1986

Knud Nielsen of Santa Rosa, Sonoma County, CA was born on November 24, 1907, and died at age 78 years old in April 1986.

Knud Nielsen

Santa Rosa, Sonoma County, CA 95404

November 24, 1907

April 1986

Male

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Knud Nielsen Knud Nielsen (1907 - 1986)

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Knud Nielsen's History: 1907 - 1986

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11/24

1907

Birthday

November 24, 1907

Birthdate

Unknown

Birthplace

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04/dd

1986

Death

April 1986

Death date

Unknown
Cause of death

Unknown
Death location

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Knud Nielsen lived 3 years longer than the average family member when died at the age of 78.

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Knud Nielsen lived 3 years longer than the average family member when died at the age of 78.

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Did you know?

In 1907, in the year that Knud Nielsen 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 1933, Knud was 26 years old when the day after being inaugurated, the new President, Franklin Roosevelt, declared a four-day bank holiday to stop people from withdrawing their money from shaky banks (the bank run). Within 5 days of his administration, the Emergency Banking Act was passed - reorganizing banks and closing insolvent ones. In his first 100 days, he asked Congress to repeal Prohibition (which they did), signed the Tennessee Valley Authority Act, signed legislation that paid commodity farmers to leave their fields fallow, thus ending surpluses and boosting prices, signed a bill that gave workers the right to unionize and bargain collectively for higher wages and better working conditions as well as suspending some antitrust laws and establishing a federally funded Public Works Administration, and won passage of 12 other major laws that helped the economy.

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