Erich Grabow was 9 years old when Archduke Franz Ferdinand and his wife, Sophie, Duchess of Hohenberg, were assassinated by a Yugoslav nationalist named Gavrilo Princip in Sarajevo, sparking the outbreak of World War I. Archduke Franz Ferdinand, Archduke of Austria-Este was a member of the imperial Habsburg dynasty, and from 1896 until his death the heir presumptive (Thronfolger) to the Austro-Hungarian throne. His assassination in Sarajevo precipitated Austria-Hungary's declaration of war against Serbia, which in turn triggered a series of events that resulted in Austria-Hungary's allies and Serbia's declaring war on each other, starting World War I.
Erich Grabow was 25 years old when The New York Stock Exchange crashes in what will be called the Crash of '29 or "Black Tuesday", ending the Great Bull Market of the 1920s and beginning the Great Depression. The New York Stock Exchange, is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$21.3 trillion as of June 2017. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.