Rodman W Gaines (1905 - 1992)



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Rodman W Gaines Biography & Family History

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Inverness, Citrus County, Florida

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1905 - In the year that Rodman W Gaines was born, federal spending was $0.57 billion, unemployment was 4.3%, and the cost of a first-class stamp was $0.02. Current U.S. government spending is $4.268 trillion.

1934 - This person was 29 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.

1938 - This person was 33 years old when on June 25th (a Saturday) the Fair Labor Standards Act was signed into law by President Roosevelt (along with 120 other bills). The Act banned oppressive child labor, set the minimum hourly wage at 25 cents, and established the maximum workweek at 44 hours. It faced a lot of opposition and in fighting for it, Roosevelt said "Do not let any calamity-howling executive with an income of $1,000 a day, ...tell you...that a wage of $11 a week is going to have a disastrous effect on all American industry."

1957 - At the age of 52 years old, Rodman was alive when on October 4th, the Soviet Union launched Sputnik I, the first man made earth-orbiting satellite - and triggered the Space Race. Sputnik I was only 23 inches in diameter and had no tracking equipment, only 4 antennas, but it had a big impact.

1992 - In the year of Rodman W Gaines's passing, on February 1st, US President George Bush and President Boris Yeltsin of Russia jointly announced an end to the Cold War, proclaiming a new era of "friendship and partnership". At Camp David in Maryland, they reviewed ways to jointly reduce nuclear arms and support reforms in Russia but no agreement was reached at that meeting.

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This obit of Rodman W Gaines is updated by the community. Edit this biography to contribute to their obituary. Include details such as cemetery, burial, newspaper obituary and grave or marker inscription if available.

Rodman W Gaines passed away on September 9, 1992 at age 87. No cause of death has been listed for Rodman. Rodman was born on March 28, 1905. We are unaware of information about Rodman's family. We know that Rodman W Gaines had been residing in Inverness, Citrus County, Florida.


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