Louis Mages was 18 years old when Spanish–American War: The Treaty of Paris is signed, officially ending the conflict. The Spanish–American War was fought between the United States and Spain in 1898. Hostilities began in the aftermath of the internal explosion of the USS Maine in Havana Harbor in Cuba, leading to US intervention in the Cuban War of Independence. American acquisition of Spain's Pacific possessions led to its involvement in the Philippine Revolution and ultimately in the Philippine–American War.
Louis Mages was 28 years old when Ford puts the Model T car on the market at a price of US$825. Ford Motor Company is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom, and a 49% stake in Jiangling Motors of China. It also has joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.
Louis Mages was 34 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.
Louis Mages was 49 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.
Louis Mages was 50 years old when Great Depression: In a State of the Union message, U.S. President Herbert Hoover proposes a $150 million (equivalent to $2,197,000,000 in 2017) public works program to help generate jobs and stimulate the economy. The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline.