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Ruth Hebbons 1907 - 1981

Ruth Hebbons of Jamaica, Queens County, NY was born on January 17, 1907, and died at age 74 years old in August 1981.

Ruth Hebbons

Jamaica, Queens County, NY 11433

January 17, 1907

August 1981

Female

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Ruth Hebbons Ruth Hebbons (1907 - 1981)

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Ruth Hebbons' History: 1907 - 1981

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01/17

1907

Birthday

January 17, 1907

Birthdate

Unknown

Birthplace

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08/dd

1981

Death

August 1981

Death date

Unknown
Cause of death

Unknown
Death location

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Ruth Hebbons lived 2 years longer than the average family member when died at the age of 74.

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Ruth Hebbons lived 2 years longer than the average family member when died at the age of 74.

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In 1907, in the year that Ruth Hebbons was born, in October, over a 3 week period, the New York stock exchange fell almost 50% from the previous year's high mark. Public panic ensued and there were runs on banks since the U.S. was in the middle of a recession. J.P. Morgan offered his own fortune to back the banks and he was followed by other financiers. This temporarily shored up the banking system, stopping the immediate panic. All of this led to the creation of the Federal Reserve.

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In 1913, by the time she was just 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.

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Ruth Hebbons' Family Tree & Friends

Ruth Hebbons' Family Tree

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Ruth Hebbons Jan 17, 1907 - Aug 1981

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