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Stepan Nalbantian 1913 - 1984

Stepan Nalbantian of Old Westbury, Nassau County, NY was born on November 3, 1913, and died at age 70 years old in April 1984.

Stepan Nalbantian
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Old Westbury, Nassau County, NY 11568
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November 3, 1913
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April 1984
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Updated: October 5, 2011
Biography ID: 15459949 What's this
Stepan Nalbantian Stepan Nalbantian (1913 - 1984)
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Stepan Nalbantian's History: 1913 - 1984

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  • 11/3
    1913

    Birthday

    November 3, 1913
    Birthdate
    Unknown
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  • 04/dd
    1984

    Death

    April 1984
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  • Did you know?
    Stepan Nalbantian lived 7 years shorter than the average family member when died at the age of 70.
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In 1913, in the year that Stepan Nalbantian 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, at the age of 20 years old, Stepan was alive 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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Stepan Nalbantian's Family Tree & Friends

Stepan Nalbantian's Family Tree

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Stepan Nalbantian Nov 3, 1913 - Apr 1984
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Other Biographies

Other Nalbantian Family Biographies

Nalbantian, Karekin (May 2, 1891 - Apr 1979) Nalbantian, Anna (Jul 14, 1915 - Aug 12, 1997) Nalbantian, Henry (Jul 8, 1929 - Jun 14, 1999) Nalbantian, Rose (Jun 15, 1922 - Jun 9, 2010) Nalbantian, Krikor (Aug 22, 1909 - Sep 21, 1995)
Nalbantian, Satenik (Feb 13, 1905 - Nov 1984) Nalbantian, Ohannes (Oct 6, 1936 - May 11, 2008) Nalbantian, Vartouche (Sep 30, 1944 - Aug 3, 2010) Nalbantian, Berjouhi (Jan 1, 1919 - Dec 31, 2005) Nalbantian, Harutyun (Aug 15, 1925 - Oct 11, 1992)
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