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George Franzen 1907 - 1985

George Franzen of Des Plaines, Cook County, Illinois was born on November 26, 1907, and died at age 77 years old in June 1985.

George Franzen

Des Plaines, Cook County, Illinois 60016

November 26, 1907

June 1985

Male

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George Franzen George Franzen (1907 - 1985)

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George Franzen's History: 1907 - 1985

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11/26

1907

Birthday

November 26, 1907

Birthdate

Unknown

Birthplace

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06/dd

1985

Death

June 1985

Death date

Unknown
Cause of death

Unknown
Death location

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George Franzen lived 1 year longer than the average family member when died at the age of 77.

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George Franzen lived 1 year longer than the average family member when died at the age of 77.

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In 1907, in the year that George Franzen 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 1947, when he was 40 years old, in June, the Marshall Plan was proposed to help European nations recover economically from World War II. It passed the conservative Republican Congress in March of 1948. After World War I, the economic devastation of Germany caused by burdensome reparations payments led to the rise of Hitler. The Allies didn't want this to happen again and the Marshall Plan was devised to make sure that those conditions didn't arise again.

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