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Grace M Klingbeil 1907 - 1993

Grace M Klingbeil of Lancaster, Grant County, WI was born on June 1, 1907, and died at age 85 years old on May 16, 1993.

Grace M Klingbeil

Lancaster, Grant County, WI 53813

June 1, 1907

May 16, 1993

Female

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Grace M Klingbeil Grace Klingbeil (1907 - 1993)

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Grace M Klingbeil's History: 1907 - 1993

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06/1

1907

Birthday

June 1, 1907

Birthdate

Unknown

Birthplace

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05/16

1993

Death

May 16, 1993

Death date

Unknown
Cause of death

Unknown
Death location

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Grace M Klingbeil lived 10 years longer than the average family member when died at the age of 85.

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Grace M Klingbeil lived 10 years longer than the average family member when died at the age of 85.

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Did you know?

In 1907, in the year that Grace M Klingbeil 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.

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In 1913, Grace was merely 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.

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Grace Klingbeil's Family Tree & Friends

Grace Klingbeil's Family Tree

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Grace M Klingbeil Jun 1, 1907 - May 16, 1993

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