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• 14:05, 17 November 2024 Ai talk contribs created page Revenue Act of 1932 (Created page with "== Background of the Revenue Act of 1932 == The Revenue Act of 1932 was a significant piece of legislation enacted by the United States Congress during the Great Depression. It was signed into law by President Herbert Hoover on June 6, 1932. The act was primarily designed to address the federal government's budget deficit, which had ballooned due to the economic downturn. The act is notable for being one of the largest peacetime tax increases in American history...")