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Edward M Gaffney 1913 - 1999

Edward M Gaffney of Long Beach, Los Angeles County, CA was born on September 21, 1913, and died at age 85 years old on January 8, 1999.

Edward M Gaffney
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Long Beach, Los Angeles County, CA 90802
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September 21, 1913
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January 8, 1999
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Male
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Updated: November 12, 2011
Biography ID: 86954719 What's this
Edward M Gaffney Edward Gaffney (1913 - 1999)
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Edward M Gaffney's History: 1913 - 1999

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  • 09/21
    1913

    Birthday

    September 21, 1913
    Birthdate
    Unknown
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  • 01/8
    1999

    Death

    January 8, 1999
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  • Did you know?
    Edward M Gaffney lived 12 years longer than the average family member when died at the age of 85.
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In 1913, in the year that Edward M Gaffney 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 1934, when he was 21 years old, 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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Edward Gaffney's Family Tree

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Edward M Gaffney Sep 21, 1913 - Jan 8, 1999
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Other Biographies

Other Edward Gaffney Biographies

Gaffney, Edward (Jun 19, 1925 - Mar 11, 2012) Gaffney, Edward (Aug 21, 1905 - Jun 24, 1964) Gaffney, Edward (Sep 4, 1917 - Feb 23, 1975) Gaffney, Edward (Jan 27, 1906 - Jun 26, 1964) Gaffney, Edward (Oct 3, 1915 - Dec 1982) Gaffney, Edward (Jul 26, 1887 - Oct 1975) Gaffney, Edward (Sep 1, 1918 - Feb 1975) Gaffney, Edward (Jul 26, 1929 - Aug 1985) Gaffney, Edward (Nov 24, 1911 - Apr 16, 1988) Gaffney, Edward (Sep 27, 1893 - May 1966)
Gaffney, Edward (Apr 19, 1883 - Nov 1965) Gaffney, Edward (Jul 12, 1927 - Jan 30, 1990) Gaffney, Edward (Oct 12, 1888 - Sep 1969) Gaffney, Edward (Jun 27, 1908 - Sep 25, 1994) Gaffney, Edward (Jan 27, 1906 - Jun 1964) Gaffney, Edward (Oct 22, 1904 - Jul 1974) Gaffney, Edward (Sep 15, 1951 - Feb 11, 2006) Gaffney, Edward (Mar 15, 1938 - May 28, 2000) Gaffney, Edward (Aug 19, 1881 - Dec 1968) Gaffney, Edward (Mar 14, 1900 - Dec 1984)

Other Gaffney Family Biographies

Gaffney, Mary (Jul 24, 1895 - Jan 8, 1994) Gaffney, Joseph (Sep 4, 1914 - Oct 19, 1994) Gaffney, Elizabeth (Jan 3, 1892 - Aug 1974) Gaffney, Annie (Jan 13, 1880 - Sep 1969) Gaffney, John (Oct 13, 1946 - Jul 1983) Gaffney, Mary (Aug 6, 1894 - Mar 15, 1970) Gaffney, Helen (Sep 28, 1897 - Jul 15, 1970) Gaffney, Thomas (Jan 28, 1913 - Feb 18, 1989) Gaffney, Francis (Jan 14, 1908 - Apr 1975) Gaffney, Arline (Oct 11, 1922 - Oct 18, 1996)
Gaffney, Maryon (Feb 17, 1923 - Jul 2, 2011) Gaffney, Charles (Jul 24, 1909 - Sep 1, 1989) Gaffney, Gerard (Dec 15, 1935 - Nov 25, 1994) Gaffney, Peter (Jul 7, 1940 - Apr 1970) Gaffney, Anne (Feb 28, 1898 - Oct 15, 1974) Gaffney, John (Nov 10, 1963 - Sep 16, 2008) Gaffney, Frances (Jul 21, 1912 - May 1985) Gaffney, Thomas (Jun 30, 1915 - Jul 5, 1991) Gaffney, Dorothy (Jun 28, 1921 - Oct 1, 2005) Gaffney, M Patricia (Jan 26, 1925 - Jun 10, 1995)
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