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Gaetano Nicosia 1907 - 1961

Gaetano Nicosia was born on October 26, 1907, and died at age 54 years old in December 1961. Family, friend, or fan, this family history biography is for you to remember Gaetano Nicosia.

Gaetano Nicosia

October 26, 1907

December 1961

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Gaetano Nicosia Gaetano Nicosia (1907 - 1961)

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Gaetano Nicosia's History: 1907 - 1961

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10/26

1907

Birthday

October 26, 1907

Birthdate

Unknown

Birthplace

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12/dd

1961

Death

December 1961

Death date

Unknown
Cause of death

Unknown
Death location

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Gaetano Nicosia lived 19 years shorter than the average family member when died at the age of 54.

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Gaetano Nicosia lived 19 years shorter than the average family member when died at the age of 54.

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In 1907, in the year that Gaetano Nicosia 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 1920, when he was merely 13 years old, speakeasies replaced saloons as the center of social activity. After the 18th Amendment was ratified and selling alcohol became illegal, saloons closed and speakeasies took their place. Speakeasies, also called a blind pig or blind tiger, were "so called because of the practice of speaking quietly about such a place in public, or when inside it, so as not to alert the police or neighbors". There were a lot of them and they were very popular. And where saloons often prohibited women, they were encouraged at speakeasies because of the added profits.

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