Lorain Starks (1898 - 1977)

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Eddie Starks Sr.

Added: Jan 02, 2020

Seymour & Mary Starks, Nebraska

Added: Dec 07, 2013

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In 1898, in the year that Lorain Starks was born, on March 24th, Robert Allison of Pennsylvania became the first person to buy an American-built car. He bought a Winton, which he had seen in an advertisement in Scientific American. The Winton, built in Ohio, was made by hand and came with a leather roof, padded seats, gas lamps, and tires made by B.F. Goodrich.

In 1900, by the time this person was merely 2 years old, the unemployment rate in the U.S. was 5.0% and the cost of a first-class stamp was $0.02. 31% of all workers were employed in the public service sector, 19% of women were employed (1 percent of all lawyers and 6 percent of physicians were women), 6% of the workforce were children, and 14% of the workforce was "non-white."

In 1926, this person was 28 years old when on November 15th, NBC was founded. It was the U.S.'s first major broadcast network. Ownership of the network was split between RCA (a majority partner at 50%), its founding corporate parent General Electric (which owned 30%), and Westinghouse (which owned the remaining 20%).

In 1934, at the age of 36 years old, Lorain was alive 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 1977, in the year of Lorain Starks's passing, on January 21st, President Carter pardoned "draft dodgers" - men who avoided the draft during the Vietnam War. He fulfilled a campaign promise with the pardon. But it only applied to civilian evaders - the estimated 500,000 to 1 million active-duty personnel who went AWOL were not included.