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.