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James Moock 1907 - 1987

James Moock of Westville, Gloucester County, NJ was born on December 7, 1907, and died at age 79 years old in August 1987.

James Moock

Westville, Gloucester County, NJ 08093

December 7, 1907

August 1987

Male

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James Moock James Moock (1907 - 1987)

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James Moock's History: 1907 - 1987

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12/7

1907

Birthday

December 7, 1907

Birthdate

Unknown

Birthplace

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08/dd

1987

Death

August 1987

Death date

Unknown
Cause of death

Unknown
Death location

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James Moock lived 5 years longer than the average family member when died at the age of 79.

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James Moock lived 5 years longer than the average family member when died at the age of 79.

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Did you know?

In 1907, in the year that James Moock 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, at the age of only 6 years old, James was alive 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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