William Henry Foster (died 1941)
William Henry Foster Biography
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Military Service
Rank: Ordinary Seaman
Regiment: Royal Navy
Unit/ship/squadron: H.m.s. Raleigh
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1941 World Events
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In 1829, on July 23rd, in the United States, William Burt obtained the first patent for a kind of typewriter - an earlier one had been made in Italy in 1808. The typographer, as it was called, was a rectangular wooden box 12 inches wide, 12 inches high, and 18 inches long. It worked by depressing a rotating lever so that an inked letter made contact with the paper.
In 1893, a songbook, called Song Stories for the Kindergarten, was published by sisters Patty and Mildred Hill. One of the songs included in the book was "Good Morning to All" - later the lyrics were changed and it became "Happy Birthday to You".
In 1913, 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 1934, 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.
In 1941, in the year of William Henry Foster's passing, on June 25th, President Roosevelt signed Executive Order 8802, prohibiting racial discrimination in the defense industry. EO 8802 was the first federal action to prohibit employment discrimination - without prejudice as to "race, creed, color, or national origin" - in the U.S. Civil Rights groups had planned a march on Washington D.C. to protest for equal rights but with the signing of the Order, they canceled the March.
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