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Ralph Mangum 1913 - 1977

Ralph Mangum of Charlotte, Mecklenburg County, North Carolina was born on July 8, 1913, and died at age 63 years old in January 1977.

Ralph Mangum

Charlotte, Mecklenburg County, North Carolina 28201

July 8, 1913

January 1977

Male

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Ralph Mangum Ralph Mangum (1913 - 1977)

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Ralph Mangum's History: 1913 - 1977

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07/8

1913

Birthday

July 8, 1913

Birthdate

Unknown

Birthplace

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01/dd

1977

Death

January 1977

Death date

Unknown
Cause of death

Unknown
Death location

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Ralph Mangum lived 8 years shorter than the average family member when died at the age of 63.

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Ralph Mangum lived 8 years shorter than the average family member when died at the age of 63.

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Did you know?

In 1913, in the year that Ralph Mangum was born, 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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In 1934, at the age of 21 years old, Ralph was alive when 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.

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