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Gail Glenn 1907 - 1972

Gail Glenn of Durham, Durham County, North Carolina was born on January 5, 1907, and died at age 65 years old in January 1972.

Gail Glenn

Durham, Durham County, North Carolina 27703

January 5, 1907

January 1972

Female

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Gail Glenn Gail Glenn (1907 - 1972)

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Gail Glenn's History: 1907 - 1972

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01/5

1907

Birthday

January 5, 1907

Birthdate

Unknown

Birthplace

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01/dd

1972

Death

January 1972

Death date

Unknown
Cause of death

Unknown
Death location

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Gail Glenn lived 8 years shorter than the average family member when died at the age of 64.

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Gail Glenn lived 8 years shorter than the average family member when died at the age of 64.

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Did you know?

In 1907, in the year that Gail Glenn 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, Gail was only 6 years old when 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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