Answer:
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Answer: The Revenue Act of 1932 (June 6, 1932, ch. 209, 47 Stat. 169) raised United States tax rates across the board, with the rate on top incomes rising from 25 percent to 63 percent. The estate tax was doubled and corporate taxes were raised by almost 15 percent.
Explanation:
The Revenue Act of 1932 (June 6, 1932, ch. 209, 47 Stat. 169) raised United States tax rates across the board, with the rate on top incomes rising from 25 percent to 63 percent. The estate tax was doubled and corporate taxes were raised by almost 15 percent.
S the Vietnam War<span> escalated, </span>America's<span> leaders and soldiers found themselves in a quagmire with no victory in sight. Eventually the </span>war<span> weakened the American economy, divided the people, and eroded the nation's morale.</span>
<span>The Wall Street Crash
of 1929 was the largest stock market crash in American history. Due to this,
the 1930s were characterized by economic downfall also known as the Great Depression.
As a result, this period saw the emergence of authoritarian regimes in Europe.
Weaker states invaded superpowers leading to the second world war. Superior
technologies in the fields of intercontinental radio and aviation emerged.</span>
