A RECONSIDERATION OF THE REVENUE ACT OF 1932

The Revenue Act of 1932 surpassed any previous American peacetime tax increase. To many economists a tax increase is an inappropriate response to depression. Notwithstanding, the tax reduced fears about financial instability by temporarily resolving uncertainty about the federal budget.

Bibliographic Details
Main Author: David Zalewski
Format: Article
Language:English
Published: Economic & Business History Society 2006-06-01
Series:Essays in Economic and Business History
Online Access:https://www.ebhsoc.org/journal/index.php/ebhs/article/view/162
Description
Summary:The Revenue Act of 1932 surpassed any previous American peacetime tax increase. To many economists a tax increase is an inappropriate response to depression. Notwithstanding, the tax reduced fears about financial instability by temporarily resolving uncertainty about the federal budget.
ISSN:0896-226X