In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the...
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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
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
Full Transcript
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In 1930
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the Republican controlled House of Representatives
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in an effort to alleviate the effects of the
00:00:08.507 --> 00:00:11.674
Anyone Anyone The Great Depression
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passed the Anyone Anyone
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The tariff bill the Hawley Smoot Tariff Act which
00:00:22.052 --> 00:00:24.043
Anyone Raised or lowered
00:00:24.689 --> 00:00:26.516
Raised tariffs
00:00:26.858 --> 00:00:30.044
in an effort to collect more revenue for the federal government
00:00:31.999 --> 00:00:33.899
Did it work Anyone Anyone know the effects
00:00:34.699 --> 00:00:38.091
It did not work and the United States sank deeper into the Great Depression
00:00:39.286 --> 00:00:41.694
Today we have a similar debate over this
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Anyone know what this is Class Anyone
00:00:45.625 --> 00:00:46.621
Anyone
00:00:46.752 --> 00:00:48.411
Anyone seen this before
00:00:48.628 --> 00:00:51.025
The Laffer Curve Anyone know what this says
00:00:51.464 --> 00:00:54.024
It says that at this point on the revenue curve
00:00:56.219 --> 00:00:59.999
you will get exactly the same amount of revenue
00:00:59.972 --> 00:01:01.348
as at this point
00:01:01.474 --> 00:01:02.849
This is very controversial
00:01:02.975 --> 00:01:06.759
Does anyone know what Vice President Bush called this in 1980
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Anyone
00:01:09.148 --> 00:01:11.001
Something d o o economics
00:01:12.999 --> 00:01:13.693
Voodoo economics
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Movie Summary
After high school slacker Ferris Bueller successfully fakes an illness in order to skip school for the day, he goes on a series of adventures throughout Chicago with his girlfriend Sloane and best friend Cameron, all the while trying to outwit his wily school principal and fed-up sister.
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