Philip Visich (1922 - 1983)

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Summary

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Philip Visich Biography & Family History

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Birth

Death

Cause of death

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Education

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Gender

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Timeline

1922 - In the year that Philip Visich was born, the Reparations Commission assessed German liability for World War 1 at 132 billion gold marks (over $32 billion U.S. dollars at the time). This led to hyperinflation in Germany and created the political and social atmosphere in which Hitler was able to rise to power.

1934 - When he was just 12 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.

1950 - At the age of 28 years old, Philip was alive when on June 25th, the Korean War began when North Korean Communist forces crossed the 38th parallel. The Soviet Union and China backed North Korea and the U.N., primarily the United States backed South Korea.

1951 - He was 29 years old when on February 27th, the 22nd Amendment to the US Constitution (which limited the number of terms a president may serve to two) was ratified by 36 states, making it a part of the U.S. Constitution. The Amendment was both a reaction to the 4 term Roosevelt presidency and also the recognition of a long-standing tradition in American politics.

1983 - In the year of Philip Visich's passing, "crack" cocaine was developed in the Bahamas and spread to the United States. Previously, cocaine had been cut with other substances, diluting it. Crack was 80% pure and therefore was more addictive. It was also cheaper, making it more easily available to low income neighborhoods.

Philip Visich Family Tree

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Obituary

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Philip Visich died in May 1983 at 60 years of age. There is no known cause of death. He was born on October 9, 1922. There is no information about Philip's family.

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