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Walter Vanderpool 1907 - 1984

Walter Vanderpool of Hampton, Rockingham County, NH was born on November 4, 1907, and died at age 76 years old in February 1984.

Walter Vanderpool

Hampton, Rockingham County, NH 03842

November 4, 1907

February 1984

Male

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Walter Vanderpool Walter Vanderpool (1907 - 1984)

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Walter Vanderpool's History: 1907 - 1984

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11/4

1907

Birthday

November 4, 1907

Birthdate

Unknown

Birthplace

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02/dd

1984

Death

February 1984

Death date

Unknown
Cause of death

Unknown
Death location

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Walter Vanderpool lived 5 years longer than the average family member when died at the age of 76.

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Walter Vanderpool lived 5 years longer than the average family member when died at the age of 76.

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Did you know?

In 1907, in the year that Walter Vanderpool 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, he was merely 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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