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Rose Magnolia 1913 - 1980

Rose Magnolia was born on January 10, 1913, and died at age 67 years old in November 1980. Family, friend, or fan, this family history biography is for you to remember Rose Magnolia.

Rose Magnolia

January 10, 1913

November 1980

Female

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Rose Magnolia Rose Magnolia (1913 - 1980)

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Rose Magnolia's History: 1913 - 1980

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01/10

1913

Birthday

January 10, 1913

Birthdate

Unknown

Birthplace

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11/dd

1980

Death

November 1980

Death date

Unknown
Cause of death

Unknown
Death location

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Did you know?

Rose Magnolia lived 12 years shorter than the average family member when died at the age of 67.

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Rose Magnolia lived 12 years shorter than the average family member when died at the age of 67.

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Did you know?

In 1913, in the year that Rose Magnolia 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, at the age of 21 years old, Rose was alive when 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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