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Margaret Vaeth 1907 - 1973

Margaret Vaeth of Rochester, Monroe County, NY was born on May 13, 1907, and died at age 66 years old in August 1973.

Margaret Vaeth

Rochester, Monroe County, NY 14620

May 13, 1907

August 1973

Female

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Margaret Vaeth Margaret Vaeth (1907 - 1973)

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Margaret Vaeth's History: 1907 - 1973

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05/13

1907

Birthday

May 13, 1907

Birthdate

Unknown

Birthplace

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08/dd

1973

Death

August 1973

Death date

Unknown
Cause of death

Unknown
Death location

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Margaret Vaeth lived 10 years shorter than the average family member when died at the age of 66.

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Margaret Vaeth lived 10 years shorter than the average family member when died at the age of 66.

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Did you know?

In 1907, in the year that Margaret Vaeth 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, Margaret 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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