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Joseph Kennedy's Life Story
By late 1914, the economic situation in Boston and the nation had begun to brighten. Columbia Trust rode high on this new wave of prosperity. Joseph Kennedy's personal fortune increased as well. Then came May 7, 1915, the German seeking of the Lucetania and the deaths of more than 100 American civilians. In the war scare that followed, the spectacular four-month stock market rise was halted, then reversed.