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Lois A Weatherly 1913 - 2001

Lois A Weatherly of Friona, Parmer County, TX was born on May 6, 1913, and died at age 88 years old on August 6, 2001.

Lois A Weatherly

Friona, Parmer County, TX 79035

May 6, 1913

August 6, 2001

Female

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Lois A Weatherly Lois Weatherly (1913 - 2001)

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Lois A Weatherly's History: 1913 - 2001

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05/6

1913

Birthday

May 6, 1913

Birthdate

Unknown

Birthplace

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08/6

2001

Death

August 6, 2001

Death date

Unknown
Cause of death

Unknown
Death location

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Lois A Weatherly lived 16 years longer than the average family member when died at the age of 88.

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Lois A Weatherly lived 16 years longer than the average family member when died at the age of 88.

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In 1913, in the year that Lois A Weatherly 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, at the age of 20 years old, Lois was alive 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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Lois Weatherly's Family Tree & Friends

Lois Weatherly's Family Tree

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Lois A Weatherly May 6, 1913 - Aug 6, 2001

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