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Ollin Mcdonald 1913 - 1972

Ollin Mcdonald was born on November 2, 1913, and died at age 58 years old in January 1972. Family, friend, or fan, this family history biography is for you to remember Ollin Mcdonald.

Ollin Mcdonald
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November 2, 1913
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January 1972
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Updated: November 1, 2011
Biography ID: 42685904 What's this
Ollin Mcdonald Ollin Mcdonald (1913 - 1972)
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Ollin Mcdonald's History: 1913 - 1972

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  • 11/2
    1913

    Birthday

    November 2, 1913
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    Unknown
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  • 01/dd
    1972

    Death

    January 1972
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    Ollin Mcdonald lived 14 years shorter than the average family member when died at the age of 58.
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In 1913, in the year that Ollin Mcdonald 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, Ollin was 20 years old 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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Ollin Mcdonald's Family Tree & Friends

Ollin Mcdonald's Family Tree

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Ollin Mcdonald Nov 2, 1913 - Jan 1972
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Other Biographies

Other Mcdonald Family Biographies

Mcdonald, Eveline (Born Jan 13, 1891) Mcdonald, Kathleen (Born Jan 13, 1891) Mcdonald, Margaret (Born Jun 18, 1878) Mcdonald, John (Born Sep 13, 1879) Mcdonald, Stanton (Jan 28, 1895 - Jan 1972) Mcdonald, Edward (Born Jan 1, 1889) Mcdonald, Thomas (Born 1887) Mcdonald, Ann (Born Jan 26, 1885) Mcdonald, Alexander (Born Nov 17, 1869) Mcdonald, Jane (Born 1871)
Mcdonald, Annetta (Born 1886) Coudriet, Almeda (Born 1885) Mcdonald, Mary (Born Jan 24, 1853) Mcdonald, Leatha Taylor (Born Jul 4, 1880) Mcdonald, George (Born Jun 2, 1851) Burger-Mcdonald, Mary (Born Jul 2, 1846) Mcdonald, Eva (Born Dec 12, 1914) Mcdonald, James (Born 1881) Mcdonald, Ronald (Oct 10, 1889 - Jun 1968) Mcdonald, Florence (Oct 28, 1909 - Dec 1986)
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