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In 1913, in the year that Walter L Bull 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.
In 1931, in March, “The Star Spangled Banner” officially became the national anthem by congressional resolution. Other songs had previously been used - among them, "My Country, 'Tis of Thee", "God Bless America", and "America the Beautiful". There was fierce debate about making "The Star Spangled Banner" the national anthem - Southerners and veterans organizations supported it, pacifists and educators opposed it.
In 1953, on January 20th, Dwight D. Eisenhower became the 34th President of the United States. Formerly the 1st Supreme Allied Commander Europe in World War II, Eisenhower had never previously held a political office.
In 1961, on April 17th, about 1,000 CIA trained Cuban exiles invaded Cuba with the intention of igniting a rebellion and overthrowing Castro. They were defeated within three days. Although the operation began under Eisenhower, Kennedy approved it and the operation, named the Bay of Pigs for the beach where they landed, was a humiliation for the United States.
In 1999, on January 1st, the Euro became the new official single currency of the eurozone. It was used by Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain and has since spread in use. Daily, over 337 million Europeans use the euro.
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