Margaret Ethel Petersen (1885 - 1959)

Margaret Ethel Petersen
1885 - 1959
updated February 06, 2019
Margaret Ethel Petersen was born in 1885. She was born to Marion James Petersen and Margaret Petersen. She died in 1959 in Bendigo, Australia at 74 years old.
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Margaret Ethel Petersen Biography

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Margaret Ethel Petersen
Most commonly known name
Female
Gender
Margaret
First name
Ethel
Middle name
Unknown
Maiden name
Petersen
Last name(s)
Unknown
Nickname(s) or aliases
Bendigo, Australia
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Margaret Petersen was born in
Birth
Margaret Petersen died in in Bendigo, Australia
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Margaret Petersen was born in
Margaret Petersen died in in Bendigo, Australia
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Margaret Ethel Petersen died in 1959 in Bendigo, Australia at age 74. She was born in 1885. She was born to Marion James Petersen and Margaret Petersen.
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1885 - 1959 World Events

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In 1885, in the year that Margaret Ethel Petersen was born, on February 16th, the first Dow Jones Industrial Average was published by Charles Dow, who also founded the Wall Street Journal. The index was 62.76. It represented 12 stocks - American Cotton Oil, American Sugar, American Tobacco, Chicago Gas, Distilling & Cattle Feeding, General Electric, Laclede Gas, National Lead, North American, Tennessee Coal and Iron, U.S. Leather pfd. and U.S. Rubber.

In 1898, by the time she was merely 13 years old, on February 15th, the USS Maine exploded and sank in Havana harbor. The reason for the explosion has never been found, but it killed 266 men. "Remember the Maine" became a rallying cry and precipitated the United States' declaration of war on Spain two months later - the beginning of the Spanish-American War. On December 10th, the war ended with the signing of the Treaty of Paris. The Treaty gave the U.S. Puerto Rico, the Philippines, Guam - for $20 million - and, temporarily, Cuba.

In 1904, she was 19 years old when the "Teddy's Bear" was first produced. After seeing a political cartoon of President Teddy Roosevelt refusing to kill a clubbed and tied up bear, Jewish Russian immigrant Morris Michtom - who owned a candy shop and sold stuffed animals that he and his wife made at night at the store - made a "Teddy's Bear" and put it in his shop's window. The stuffed bears were an immediate success and Michtom and his wife went on to found the Ideal Novelty and Toy Co.

In 1934, when she was 49 years old, 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 1959, in the year of Margaret Ethel Petersen's passing, on August 8th, Hawaii became the 50th state of the United States. The US flag was changed to show 50 stars.

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