%0 Journal Article %T A RECONSIDERATION OF THE REVENUE ACT OF 1932 %A David A. Zalewski %J Essays in Economic & Business History %D 2006 %I The Economic & Business History Society %X 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. %U http://www.ebhsoc.org/journal/index.php/journal/article/view/205