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jun 6, 1932 - Hoover signed the Revenue Act of 1932

Description:

It increased the top income tax rate to 63 percent. He wanted to reduce the federal deficit. Hoover believed it would also restore confidence. Instead, higher taxes worsened the Depression.

Added to timeline:

Causes of The Great Depression

ByAustin Escamilla
16 Jan 2018
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Date:

jun 6, 1932
Now
~ 93 years ago

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