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Arthur Cavaness 1907 - 1962

Arthur Cavaness was born on November 7, 1907, and died at age 54 years old in July 1962. Family, friend, or fan, this family history biography is for you to remember Arthur Cavaness.

Arthur Cavaness
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November 7, 1907
Birth
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July 1962
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Male
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Updated: November 8, 2011
Biography ID: 68136455 What's this
Arthur Cavaness Arthur Cavaness (1907 - 1962)
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Arthur Cavaness' History: 1907 - 1962

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  • 11/7
    1907

    Birthday

    November 7, 1907
    Birthdate
    Unknown
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  • 07/dd
    1962

    Death

    July 1962
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  • Did you know?
    Arthur Cavaness lived 17 years shorter than the average family member when died at the age of 54.
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In 1907, in the year that Arthur Cavaness 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, Arthur 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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Arthur Cavaness Nov 7, 1907 - Jul 1962
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Other Biographies

Other Arthur Cavaness Biographies

Cavaness, Arthur (Aug 12, 1906 - Mar 1976)

Other Cavaness Family Biographies

Cavaness, Joseph (May 28, 1962 - Jan 1980) Cavaness, Adeline (Jul 15, 1913 - Feb 9, 2001) Cavaness, James (Feb 4, 1913 - Apr 13, 1989) Cavaness, Yvonne (Jul 27, 1919 - Dec 19, 1999) Cavaness, Charles (Jan 25, 1898 - Jan 1971) Cavaness, Bertha (Jan 27, 1897 - May 1979) Cavaness, Lula (May 20, 1883 - Oct 15, 1971) Cavaness, John (May 14, 1922 - Dec 1981) Cavaness, Jean (Feb 22, 1910 - Oct 1982) Cavaness, Daniel (Mar 2, 1909 - Jul 1963)
Cavaness, Alfred (Sep 8, 1918 - Jun 4, 2001) Cavaness, Lula (Aug 31, 1907 - Aug 1989) Cavaness, Paul (Aug 5, 1906 - Feb 1980) Cavaness, Sarah (May 30, 1912 - Sep 1973) Cavaness, John (May 14, 1913 - Mar 27, 1995) Cavaness, Carl (Sep 27, 1910 - Dec 1977) Cavaness, Jesse (Apr 11, 1909 - Jan 1973) Cavaness, William (Jun 17, 1918 - Aug 1989) Cavaness, Robert (Jul 30, 1920 - Apr 7, 1988) Cavaness, Paul (Dec 4, 1950 - Feb 19, 2001)
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