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Ethel Isobel Hawes 1907 - 1971

Ethel Isobel Hawes of Mtev Australia was born in 1907 to Letitia Waugh Thomas and William Henry Thomas. She had siblings Ethel Isabel Thomas, Annie Irene Thomas, William Lindsay Walter Thomas, Robert Ernest Thomas, Ethel Isobel Thomas, Annie Irene Thomas, and Florence Thomas. Ethel Hawes died at age 64 years old in 1971 in Mtev.

Ethel Isobel Hawes

Mtev Australia

1907

1971

Mtev, Australia

Female

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Ethel Isobel Hawes Ethel Hawes (1907 - 1971)

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Ethel Isobel Hawes' History: 1907 - 1971

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1907

Birthday

1907

Birthdate

Unknown

Birthplace

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1971

Death

1971

Death date

Unknown
Cause of death

Mtev Australia
Death location

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Ethel Isobel Hawes lived 9 years shorter than the average family member when died at the age of 64.

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Ethel Isobel Hawes lived 9 years shorter than the average family member when died at the age of 64.

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In 1907, in the year that Ethel Isobel Hawes 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, when 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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