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Rupert Le Maitre Sage 1907 - 2003

Rupert Le Maitre Sage of Leongatha, South Gippsland Shire County, VIC Australia was born on May 16, 1907 in Leongatha to Mary Ann (Le Maitre) Ross-Sage and John James Sage. He had siblings Edwin Leslie Sage, Doris Mary Eileen Sage, Theo Percy "Jim" Sage, and Robert John "Robbie" Sage. Rupert Sage married Evelyn Louisa Price in 1939, and died at age 96 years old on June 25, 2003 in Leongatha.

Rupert Le Maitre Sage

Leongatha, South Gippsland Shire County, VIC 3953, Australia

May 16, 1907

Leongatha, South Gippsland Shire County, VIC, 3953, Australia

June 25, 2003

Leongatha, South Gippsland Shire County, VIC, 3953, Australia

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Rupert Le Maitre Sage's History: 1907 - 2003

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05/16

1907

Birthday

May 16, 1907

Birthdate

Leongatha, South Gippsland Shire County, VIC 3953, Australia

Birthplace

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06/25

2003

Death

June 25, 2003

Death date

Unknown
Cause of death

Leongatha, South Gippsland Shire County, VIC 3953, Australia
Death location

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Rupert Le Maitre Sage lived 23 years longer than the average family member when died at the age of 96.

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Rupert Le Maitre Sage lived 23 years longer than the average family member when died at the age of 96.

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In 1907, in the year that Rupert Le Maitre Sage 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 1933, Rupert was 26 years old when the day after being inaugurated, the new President, Franklin Roosevelt, declared a four-day bank holiday to stop people from withdrawing their money from shaky banks (the bank run). Within 5 days of his administration, the Emergency Banking Act was passed - reorganizing banks and closing insolvent ones. In his first 100 days, he asked Congress to repeal Prohibition (which they did), signed the Tennessee Valley Authority Act, signed legislation that paid commodity farmers to leave their fields fallow, thus ending surpluses and boosting prices, signed a bill that gave workers the right to unionize and bargain collectively for higher wages and better working conditions as well as suspending some antitrust laws and establishing a federally funded Public Works Administration, and won passage of 12 other major laws that helped the economy.

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