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Albert Farres 1913 - 1976

Albert Farres of Colusa, Colusa County, California was born on January 18, 1913, and died at age 63 years old in December 1976.

Albert Farres

Colusa, Colusa County, California 95932

January 18, 1913

December 1976

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Albert Farres Albert Farres (1913 - 1976)

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Albert Farres' History: 1913 - 1976

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01/18

1913

Birthday

January 18, 1913

Birthdate

Unknown

Birthplace

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12/dd

1976

Death

December 1976

Death date

Unknown
Cause of death

Unknown
Death location

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Albert Farres lived 12 years shorter than the average family member when died at the age of 63.

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Albert Farres lived 12 years shorter than the average family member when died at the age of 63.

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In 1913, in the year that Albert Farres was born, ratified in February the 16th Amendment, establishing a Federal income tax, became law. Previously, customs duties (tariffs) and excise taxes were the primary sources of federal revenue. With the passage of the 16th Amendment, incomes of couples exceeding $4,000, as well as those of single persons earning $3,000 or more, were subject to a 1% Federal tax (that would be about $98,000 and $74,000 now). Rates rose to 7% for incomes over half a million dollars. Less than 1% of the population was subject to income tax.

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In 1933, he was 20 years old when the day after being inaugurated, the new President, Franklin Roosevelt, declared a four-day bank holiday to stop people from withdrawing their money from shaky banks (the bank run). Within 5 days of his administration, the Emergency Banking Act was passed - reorganizing banks and closing insolvent ones. In his first 100 days, he asked Congress to repeal Prohibition (which they did), signed the Tennessee Valley Authority Act, signed legislation that paid commodity farmers to leave their fields fallow, thus ending surpluses and boosting prices, signed a bill that gave workers the right to unionize and bargain collectively for higher wages and better working conditions as well as suspending some antitrust laws and establishing a federally funded Public Works Administration, and won passage of 12 other major laws that helped the economy.

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Albert Farres' Family Tree & Friends

Albert Farres' Family Tree

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Albert Farres Jan 18, 1913 - Dec 1976

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