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Henry Kouba 1907 - 1956

Henry Kouba was born on July 16, 1907, and died at age 49 years old in September 1956. Family, friend, or fan, this family history biography is for you to remember Henry Kouba.

Henry Kouba

July 16, 1907

September 1956

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Henry Kouba Henry Kouba (1907 - 1956)

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Henry Kouba's History: 1907 - 1956

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07/16

1907

Birthday

July 16, 1907

Birthdate

Unknown

Birthplace

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09/dd

1956

Death

September 1956

Death date

Unknown
Cause of death

Unknown
Death location

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Henry Kouba lived 27 years shorter than the average family member when died at the age of 49.

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Henry Kouba lived 27 years shorter than the average family member when died at the age of 49.

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In 1907, in the year that Henry Kouba 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, when he was just 6 years old, 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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Henry Kouba's Family Tree & Friends

Henry Kouba's Family Tree

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Henry Kouba Jul 16, 1907 - Sep 1956

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