Genaro Defeo (1901 - 1950)

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Summary

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Genaro Defeo Biography & Family History

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Birth

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Education

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Gender

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Timeline

1901 - In the year that Genaro Defeo was born, the first Nobel Prizes were awarded. Chemist and engineer Alfred Nobel, who died in 1896, had provided in his will for prizes in physics, chemistry, and physiology or medicine, who have produced the most distinguished literary work of an idealist tendency, and who have contributed the most toward world peace. The winners in 1901 were: Wilhelm Conrad Röntgen for physics, Jacobus Henricus van't Hoff for chemistry, Emil Adolf von Behring for physiology or medicine, Sully Prudhomme for literature, and Jean Henry Dunant and Frédéric Passy for peace.

1913 - At the age of only 12 years old, Genaro was alive 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.

1929 - By the time he was 28 years old, on October 29th (Black Tuesday), the stock market crashed in the United States. Billions of dollars were lost and some investors committed suicide as a result, having lost their fortunes. This ushered in the 12 year, worldwide Great Depression.

1944 - At the age of 43 years old, Genaro was alive when on November 7th, Franklin Delano Roosevelt was reelected to a fourth term as President of the United States. Running against Thomas Dewey, Governor of New York, Roosevelt won 53.4 of the popular vote, Dewey got 45.9%.

1950 - In the year of Genaro Defeo's passing, in February, Joe McCarthy gave a speech alleging that he had a list of "members of the Communist Party and members of a spy ring" who worked in the State Department. He went on to chair a committee that investigated not only the State Department but also the administration of President Harry S. Truman, the Voice of America, and the U.S. Army for communist spies - until he was condemned by the U.S. Senate in 1954.

Genaro Defeo Family Tree

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Obituary

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Genaro Defeo passed away in August 1950 at age 48. No cause of death has been listed for Genaro. He was born on August 26, 1901. There is no information about Genaro's immediate family.

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