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Milfred Nelson (1907 - 1987)

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Milfred Nelson
1907 - 1987
Born
May 18, 1907
Death
November 1987
Last Known Residence
Coeur d'Alene, Kootenai County, Idaho 83814
Summary
Milfred Nelson was born on May 18, 1907. Milfred died in November 1987 at 80 years of age. We know that Milfred Nelson had been residing in Coeur d'Alene, Kootenai County, Idaho 83814.
Updated: November 9, 2011
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Milfred Nelson
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Milfred Nelson
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Coeur d'Alene, Kootenai County, Idaho 83814
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Milfred Nelson died in November 1987 at 80 years of age. Milfred was born on May 18, 1907. We have no information about Milfred's family or relationships. We know that Milfred Nelson had been residing in Coeur d'Alene, Kootenai County, Idaho 83814.
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1907 - 1987 World Events

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In 1907, in the year that Milfred Nelson 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.

In 1929, this person was 22 years old when American Samoa officially became a U.S. territory. Although a part of the United States since 1900, the Ratification Act of 1929 vested "all civil, judicial, and military powers in the President of the United States of America".

In 1944, this person was 37 years old when on November 7th, Franklin Delano Roosevelt was reelected to a fourth term as President of the United States. Running against Thomas Dewey, Governor of New York, Roosevelt won 53.4 of the popular vote, Dewey got 45.9%.

In 1978, at the age of 71 years old, Milfred was alive when on November 18th, Jim Jones's Peoples Temple followers committed mass suicide in Jonestown, Guyana - where they had moved, from San Francisco, as a group. Jones was the leader of the cult and ordered his followers to drink cyanide-laced punch, which they did. Whole families (women and children included) died - more than 900 people in all.

In 1987, in the year of Milfred Nelson's passing, on October 19th, stock exchanges around the world crashed. Beginning in Hong Kong then spreading to Europe, the crash then hit the United States. It was called Black Monday. The Dow Jones fell 508 points to 1,738.74 (22.61%).

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