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Stephen E Shipe 1907 - 1997

Stephen E Shipe of Knoxville, Knox County, TN was born on April 21, 1907, and died at age 90 years old on July 23, 1997.

Stephen E Shipe

Knoxville, Knox County, TN 37924

April 21, 1907

July 23, 1997

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Stephen E Shipe Stephen Shipe (1907 - 1997)

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Stephen E Shipe's History: 1907 - 1997

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04/21

1907

Birthday

April 21, 1907

Birthdate

Unknown

Birthplace

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07/23

1997

Death

July 23, 1997

Death date

Unknown
Cause of death

Unknown
Death location

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Stephen E Shipe lived 17 years longer than the average family member when died at the age of 90.

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Stephen E Shipe lived 17 years longer than the average family member when died at the age of 90.

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In 1907, in the year that Stephen E Shipe 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 1938, when he was 31 years old, 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."

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Stephen Shipe's Family Tree & Friends

Stephen Shipe's Family Tree

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Stephen E Shipe Apr 21, 1907 - Jul 23, 1997

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