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Raymond E Powers 1907 - 1991

Raymond E Powers of Joshua Tree, San Bernardino County, CA was born on February 15, 1907, and died at age 84 years old on May 17, 1991.
Raymond E Powers
Joshua Tree, San Bernardino County, CA 92252
February 15, 1907
May 17, 1991
Male
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Raymond E Powers' History: 1907 - 1991

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  • 02/15
    1907

    Birthday

    February 15, 1907
    Birthdate
    Unknown
    Birthplace
  • 05/17
    1991

    Death

    May 17, 1991
    Death date
    Unknown
    Cause of death
    Unknown
    Death location
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  • Did you know?
    Raymond E Powers lived 11 years longer than the average family member when died at the age of 84.
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Did you know?
In 1907, in the year that Raymond E Powers 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.
Did you know?
In 1934, at the age of 27 years old, Raymond 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.
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Raymond Powers' Family Tree & Friends

Raymond Powers' Family Tree

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Raymond's Friends

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Other Biographies

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