Walter S Hinz (1920 - 2005)

Refresh this page to see various historical events that occurred during Walter's lifetime.

In 1920, in the year that Walter S Hinz was born, on November 2, radio station KDKA began broadcasting in Pittsburgh, PA. This was the first commercial radio broadcast in the United States. Westinghouse, a leading manufacturer of radios and the backer of the station, chose the date because of the Presidential election. People liked it because they could hear about the results of the election between Harding and Cox before the morning papers arrived. Four years later, there were 600 commercial stations broadcasting in the U.S.

In 1934, when he was merely 14 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.

In 1949, when he was 29 years old, comedian Milton Berle hosted the first telethon show. It raised $1,100,000 for cancer research and lasted 16 hours. The next day, newspapers, in writing about the event, first used the word "telethon."

In 1980, by the time he was 60 years old, on April 24th, a rescue attempt was begun in the Iranian Hostage Crisis. The attempt failed and 8 US servicemen were killed. Eight helicopters had been sent for the mission, but only 5 arrived in operating condition., Since the military had advised that the mission be aborted if there were fewer than 6 helicopters, President Carter stopped it. Upon leaving, a helicopter collided with a transport plane and the men were killed.

In 1998, when he was 78 years old, on December 19th, the House of Representatives initiated impeachment charges against U.S. President Bill Clinton. He was subsequently acquitted of these charges by the Senate on February 12th.