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Emma M Parks (1907 - 1989)

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Emma M Parks
1907 - 1989
Born
March 4, 1907
Death
August 18, 1989
Last Known Residence
Cameron, Milam County, Texas 76520
Summary
Emma M Parks was born on March 4, 1907. She died on August 18, 1989 at 82 years of age. We know that Emma M Parks had been residing in Cameron, Milam County, Texas 76520.
Updated: November 8, 2011
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Emma M Parks
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Cameron, Milam County, Texas 76520
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Emma M Parks passed away on August 18, 1989 at age 82. She was born on March 4, 1907. We are unaware of information about Emma's family or relationships. We know that Emma M Parks had been residing in Cameron, Milam County, Texas 76520.
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Refresh this page to see various historical events that occurred during Emma's lifetime.

In 1907, in the year that Emma M Parks was born, in October, over a 3 week period, the New York stock exchange fell almost 50% from the previous year's high mark. Public panic ensued and there were runs on banks since the U.S. was in the middle of a recession. J.P. Morgan offered his own fortune to back the banks and he was followed by other financiers. This temporarily shored up the banking system, stopping the immediate panic. All of this led to the creation of the Federal Reserve.

In 1913, Emma was only 6 years old when 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.

In 1949, by the time she was 42 years old, on January 25th, the first Emmy Awards (for television) were handed out in Los Angeles. Shirley Dinsdale won for the Most Outstanding Television Personality and Pantomime Quiz Time earned an Emmy for the Most Popular Television Program.

In 1978, when she was 71 years old, on July 25th, Louise Brown, the first "test-tube baby", was born at Oldham Hospital in London. Louise was conceived through IVF (in vitro fertilization), a controversial and experimental procedure at the time.

In 1989, in the year of Emma M Parks's passing, on November 9th, the Berlin Wall fell. The Wall was built by the East Germans to keep East Berliners from escaping into West Berlin, separating families and friends. When the head of the East German Communist Party announced that day that East Berliners could cross whenever they pleased, happy crowds surged across the border. People brought tools and took parts of the hated wall.

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