Olive E Anderson (1903 - 1997)

Olive Anderson's Biography
Introduction
Name & aliases
Last residence
Birth details
Ethnicity & Family History
Nationality & Locations
Education
Religion
Baptism date & location
Professions
Personal Life
Military Service
Death details
Gravesite & burial
Obituary
Average Age & Life Expectancy
Memories: Stories & Photos
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1903 - 1997 World Events
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In 1903, in the year that Olive E Anderson was born, the Harley-Davidson Motor Company was begun by two childhood friends, William Harley and Arthur Davidson - with help from Arthur's brother, Walter. Their first prototype - a "motor-bicycle" - couldn't climb hills without also pedaling, so they went back to the drawing board, and in 1904 their new version came in 4th in a race. Harley-Davidson and Indian Motorcycle Manufacturing Company were the only two major motorcycle companies to survive the Great Depression.
In 1913, by the time she was just 10 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 1972, by the time she was 69 years old, on June 17th, 5 men were arrested by police in an attempt to bug the Democratic National Committee headquarters in Washington D.C.’s Watergate hotel. The burglars were found to be paid by cash from a slush fund used by the Committee for the Re-Election of the President - the official organization of President Nixon's campaign.
In 1988, by the time she was 85 years old, on December 16th, 1988 the popular film Rain Man was released. Featuring Dustin Hoffman and Tom Cruise. this film brought attention to autistic savants and was based on the "megasavant" Laurence Kim Peek. The film would later go to win four Oscars including Best Picture, Best Original Screenplay, Best Director and Best Actor in a Leading Role.
In 1997, in the year of Olive E Anderson's passing, on July 1st, Hong Kong was returned to China. In 1898, Great Britain was awarded Hong Kong for 99 years. In a subsequent agreement, China agreed to allow Hong Kong to remain capitalist. So the handing over of the area ended British rule but did not change the economic system of Hong Kong.
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