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Walter A. Ryan (1913 - 1966)

A photo of Walter A. Ryan
Walter A. Ryan
1913 - 1966
Born
November 20, 1913
Death
April 1966
Summary
Walter A. Ryan was born on November 20, 1913. He died in April 1966 at 52 years old.
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Updated: January 23, 2013
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Walter A. Ryan passed away in April 1966 at 52 years of age. He was born on November 20, 1913. We are unaware of information about Walter's immediate family.
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1913 - 1966 World Events

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In 1913, in the year that Walter A. Ryan was born, Henry Ford installed the first moving assembly line for the mass production of an entire automobile. It had previously taken 12 hours to assemble a whole vehicle - now it took only two hours and 30 minutes! Inspired by the production lines at flour mills, breweries, canneries and industrial bakeries, along with the disassembly of animal carcasses in Chicago’s meat-packing plants, Ford created moving belts for parts and the assembly line was born.

In 1924, by the time he was just 11 years old, J. Edgar Hoover, at the age of 29, was appointed the sixth director of the Bureau of Investigation by Calvin Coolidge (which later became the Federal Bureau of Investigation). The Bureau had approximately 650 employees, including 441 Special Agents. A former employee of the Justice Department, Hoover accepted his new position on the proviso that the bureau was to be completely divorced from politics and that the director report only to the attorney general.

In 1934, Walter was 21 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.

In 1944, by the time he was 31 years old, on June 22nd, the Servicemen's Readjustment Act of 1944, called the G.I. Bill, was signed into law, pushed through by the veteran's organizations. Benefits provided for veterans to return to school (high school, vocational school, or college), obtain low interest home mortgages and low interest business loans, and (if needed) one year of unemployment insurance. Since most returning vets immediately found work, less than 20% of the unemployment benefits were distributed.

In 1966, in the year of Walter A. Ryan's passing, on July 1st, Medicare became available after President Johnson signed into law the Medicare Act in 1965. President Truman had received the first Medicare card since he had been the first to propose national healthcare law. insurance.

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