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Savelia C. (Franklin) Melton c. 1913

Savelia C Melton of TX was born circa 1913. Savelia Melton was married to Holsey T. Melton on November 27, 1970 in Nacogdoches County, TX. Family, friend, or fan, this family history biography is for you to remember Savelia C. (Franklin) Melton.

Savelia C Melton

circa 1913

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Savelia C. (Franklin) Melton Savelia Melton (born 1913)

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Savelia C Melton's History: circa 1913

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1913

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Birthday

circa 1913

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Death

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In 1913, in the year that Savelia C. (Franklin) Melton was born, the 17th Amendment, establishing the direct election of U.S. Senators, was adopted. Previously, Senators were elected by state legislatures. As early as 1826, a call to elect senators through popular vote was championed and previous to the 17th amendment, two states had already changed their process. Governors are still able to appoint senators to vacant seats until an election can be held.

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In 1934, 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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Savelia Melton's Family Tree & Friends

Savelia Melton's Family Tree

Parent

Savelia C. (Franklin) Melton born c. 1913

Partner

Child

Sibling

Marriage

Holsey T. Melton