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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:

16 Jan 2018
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Causes of The Great Depression
Timeline for American History Tic-Tac-Toe Project

Date:

jun 6, 1932
Now
~ 91 years ago

Images:

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