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Harold J Hofstar 1907 - 1989

Harold J Hofstar of San Jose, Santa Clara County, CA was born on June 28, 1907, and died at age 81 years old on February 12, 1989.

Harold J Hofstar
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San Jose, Santa Clara County, CA 95117
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June 28, 1907
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February 12, 1989
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Updated: November 12, 2011
Biography ID: 87089463 What's this
Harold J Hofstar Harold Hofstar (1907 - 1989)
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Harold J Hofstar's History: 1907 - 1989

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  • 06/28
    1907

    Birthday

    June 28, 1907
    Birthdate
    Unknown
    Birthplace
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  • 02/12
    1989

    Death

    February 12, 1989
    Death date
    Unknown
    Cause of death
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  • Did you know?
    Harold J Hofstar lived 7 years longer than the average family member when died at the age of 81.
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In 1907, in the year that Harold J Hofstar 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.
Did you know?
In 1913, by the time he 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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Harold Hofstar's Family Tree & Friends

Harold Hofstar's Family Tree

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Harold J Hofstar Jun 28, 1907 - Feb 12, 1989
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Other Biographies

Other Hofstar Family Biographies

Hofstar, William (Sep 17, 1922 - Mar 16, 1998) Hofstar, Judith (Jul 29, 1938 - Sep 1972) Hofstar, William (Feb 8, 1899 - Feb 1981)
Hofstar, Margaret (May 30, 1911 - Nov 1990) Hofstar, Vesta (Sep 17, 1897 - Mar 27, 1992)
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