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Sarah Lerer 1907 - 1974

Sarah Lerer of Brooklyn, Kings County, NY was born on March 6, 1907, and died at age 67 years old in August 1974.

Sarah Lerer

Brooklyn, Kings County, NY 11213

March 6, 1907

August 1974

Female

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Sarah Lerer Sarah Lerer (1907 - 1974)

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Sarah Lerer's History: 1907 - 1974

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03/6

1907

Birthday

March 6, 1907

Birthdate

Unknown

Birthplace

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08/dd

1974

Death

August 1974

Death date

Unknown
Cause of death

Unknown
Death location

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Did you know?

Sarah Lerer lived 9 years shorter than the average family member when died at the age of 67.

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Sarah Lerer lived 9 years shorter than the average family member when died at the age of 67.

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Did you know?

In 1907, in the year that Sarah Lerer 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 1934, she 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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