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Floyd L Champagne 1913 - 2001

Floyd L Champagne of Arabi, Saint Bernard County, LA was born on September 29, 1913, and died at age 87 years old on August 14, 2001.

Floyd L Champagne

Arabi, Saint Bernard County, LA 70032

September 29, 1913

August 14, 2001

Male

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Floyd L Champagne Floyd Champagne (1913 - 2001)

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Floyd L Champagne's History: 1913 - 2001

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09/29

1913

Birthday

September 29, 1913

Birthdate

Unknown

Birthplace

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08/14

2001

Death

August 14, 2001

Death date

Unknown
Cause of death

Unknown
Death location

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Floyd L Champagne lived 15 years longer than the average family member when died at the age of 87.

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Floyd L Champagne lived 15 years longer than the average family member when died at the age of 87.

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In 1913, in the year that Floyd L Champagne 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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Floyd Champagne's Family Tree & Friends

Floyd Champagne's Family Tree

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Floyd L Champagne Sep 29, 1913 - Aug 14, 2001

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