Lucille M Kidman (1907 - 1997)



Lucille Kidman's Biography
Introduction
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1907 - 1997 World Events
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In 1907, in the year that Lucille M Kidman was born, radiometric dating, a recently discovered technology that could date rocks, found that the earth was 2.2 billion years old which was dramatically older than previously thought. Later refinements and advancements in science would date the age of the earth at over 4.5 billion years.
In 1913, when she was merely 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.
In 1934, when she was 27 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.
In 1941, she was 34 years old when on December 7th, the Japanese attacked the military base at Pearl Harbor, Hawaii. The surprise aerial attack damaged 8 U.S. battleships (6 later returned to service), including the USS Arizona, and destroyed 188 aircraft. 2,402 American citizens died and 1,178 wounded were wounded. On December 8th, the U.S. declared war on Japan and on December 11th, Germany and Italy (allies of Japan) declared war on the United States. World War II was in full swing.
In 1997, in the year of Lucille M Kidman's passing, on June 26th, the first Harry Potter book by J. K. Rowling was released. "Harry Potter and the Philosopher's Stone" was an immediate success and spawned not only sequels but also movies, video games, plays, and amusement park attractions. J.K. Rowling, at the time of the first book a poor single mother, has become a multi-billionaire.