Economics Teacher In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone Anyone... the Great Depression, passed the... Anyone Anyone The tariff bill The Hawley-Smoot Tariff Act Which, anyone Raised or lowered... raised tariffs, in an effort to collect more revenue for the federal government. Did it work Anyone Anyone know the effects It did not work, and the United States sank deeper into the Great Depression. Today we have a similar debate over this. Anyone know what this is Class Anyone Anyone Anyone seen this before The Laffer Curve. Anyone know what this says It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980 Anyone Something-d-o-o economics. Voodoo economics.
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We may be through with the past, but the past is not through with us. Ideas of the Stone Age exist side by side with the latest scientific thought. Only a fraction of mankind has emerged from the Dark Ages, and in the most lucid brains, as Logan Pearsall Smith has said, we come upon nests of woolly caterpillars. Seemingly sane men entrust their wealth to stargazers and their health to witch doctors. Giant planes throb through the stratosphere, but half their passengers are wearing magic amulets and are protected from harm by voodoo incantations. Hotels boast of express elevators and a telephone in every room, but omit thirteen from all floor and room numbers lest their guests be ill at ease.
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