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Louise M Cradit 1913 - 2007

Louise M Cradit of Bothell, Snohomish County, WA was born on November 24, 1913, and died at age 93 years old on July 20, 2007.

Louise M Cradit

Bothell, Snohomish County, WA 98012

November 24, 1913

July 20, 2007

Female

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Louise M Cradit Louise Cradit (1913 - 2007)

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Louise M Cradit's History: 1913 - 2007

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11/24

1913

Birthday

November 24, 1913

Birthdate

Unknown

Birthplace

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07/20

2007

Death

July 20, 2007

Death date

Unknown
Cause of death

Unknown
Death location

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Louise M Cradit lived 20 years longer than the average family member when died at the age of 93.

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Louise M Cradit lived 20 years longer than the average family member when died at the age of 93.

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In 1913, in the year that Louise M Cradit 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 1934, by the time she was 21 years old, on June 6th, the U.S. Securities and Exchange Commission was formed as a response to the stock market crash of 1929 and the continuing Great Depression. Previously, the states regulated the offering and sales of stocks - called "blue sky" laws. They were largely ineffective. Roosevelt created a group (one member was Joseph Kennedy, father of the future President Kennedy) who knew Wall Street well and they defined the mission and operating mode for the SEC. The new organization had broad and stringent rules and oversight and restored public confidence in the stock market in the United States.

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Louise Cradit's Family Tree & Friends

Louise Cradit's Family Tree

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Louise M Cradit Nov 24, 1913 - Jul 20, 2007

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