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Leonard Lamere 1907 - 1965

Leonard Lamere was born on June 29, 1907, and died at age 57 years old in May 1965. Family, friend, or fan, this family history biography is for you to remember Leonard Lamere.

Leonard Lamere

June 29, 1907

May 1965

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Leonard Lamere Leonard Lamere (1907 - 1965)

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Leonard Lamere's History: 1907 - 1965

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06/29

1907

Birthday

June 29, 1907

Birthdate

Unknown

Birthplace

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05/dd

1965

Death

May 1965

Death date

Unknown
Cause of death

Unknown
Death location

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Leonard Lamere lived 11 years shorter than the average family member when died at the age of 57.

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Leonard Lamere lived 11 years shorter than the average family member when died at the age of 57.

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Did you know?

In 1907, in the year that Leonard Lamere 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, at the age of only 6 years old, Leonard 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.

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