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William Carne 1907 - 1975

William Carne of Houghton, Houghton County, Michigan was born on September 27, 1907, and died at age 68 years old in October 1975.
William Carne
Houghton, Houghton County, Michigan 49931
September 27, 1907
October 1975
Male
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William Carne's History: 1907 - 1975

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  • 09/27
    1907

    Birthday

    September 27, 1907
    Birthdate
    Unknown
    Birthplace
  • 10/dd
    1975

    Death

    October 1975
    Death date
    Unknown
    Cause of death
    Unknown
    Death location
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  • Did you know?
    William Carne lived 6 years shorter than the average family member when died at the age of 68.
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Did you know?
In 1907, in the year that William Carne 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, he was 27 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.
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William Carne's Family Tree & Friends

William Carne's Family Tree

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Friendships

William's Friends

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Other Biographies

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