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William Donsbach 1907 - 1961

William Donsbach was born on March 24, 1907, and died at age 54 years old in August 1961. Family, friend, or fan, this family history biography is for you to remember William Donsbach.

William Donsbach

March 24, 1907

August 1961

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William Donsbach William Donsbach (1907 - 1961)

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William Donsbach's History: 1907 - 1961

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03/24

1907

Birthday

March 24, 1907

Birthdate

Unknown

Birthplace

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08/dd

1961

Death

August 1961

Death date

Unknown
Cause of death

Unknown
Death location

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William Donsbach lived 22 years shorter than the average family member when died at the age of 54.

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William Donsbach lived 22 years shorter than the average family member when died at the age of 54.

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In 1907, in the year that William Donsbach 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 1935, at the age of 28 years old, William was alive when on August 14, the Social Security Act was signed into law. The purpose was to "provide federal assistance to those unable to work". The law established the Social Security Administration whose primary focus was to "provide aid for the elderly, the unemployed, and children". The Act survived many Supreme Court challenges and the Administration continues until today.

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William Donsbach's Family Tree & Friends

William Donsbach's Family Tree

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William Donsbach Mar 24, 1907 - Aug 1961

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