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Margaret Bailer 1907 - 1996

Margaret Bailer of Homewood, Cook County, IL was born on March 5, 1907, and died at age 89 years old on July 26, 1996.

Margaret Bailer

Homewood, Cook County, IL 60430

March 5, 1907

July 26, 1996

Female

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Margaret Bailer Margaret Bailer (1907 - 1996)

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Margaret Bailer's History: 1907 - 1996

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03/5

1907

Birthday

March 5, 1907

Birthdate

Unknown

Birthplace

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07/26

1996

Death

July 26, 1996

Death date

Unknown
Cause of death

Unknown
Death location

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Margaret Bailer lived 16 years longer than the average family member when died at the age of 89.

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Margaret Bailer lived 16 years longer than the average family member when died at the age of 89.

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Did you know?

In 1907, in the year that Margaret Bailer 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, by the time she was 28 years old, 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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