Herreshoff – The New York 40’s – A Brief Glimpse in Time
The Gilded Age, coined by Mark Twain in 1873, represented an era of rapid economic growth, great fortunes were made, and large vessels were built. The War Revenue Act of 1917 greatly increased federal income tax rates and effectively reduced the large sums of fortunes. Smaller owner operated yachts were now being built and campaigned, through …
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