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GNP fell from $103.1 billion in 1929 to $75.8 billion in 1931 and bottomed out at $55.6 billion in 1933. [25] Imports from Europe decreased from a 1929 high of $1.3 billion to just $390 million during 1932, and US exports to Europe decreased from $2.3 billion in 1929 to $784 million in 1932.
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.
The present site of Paris was selected by five commissioners appointed to the task of choosing a county seat at the December 1822 session of the Court of Pleas and Quarter Sessions of Henry County. Their choice was a 50-acre (20 ha) site, of which 37.5 acres (15.2 ha) were owned by Joseph Blythe and 12.5 acres (5.1 ha) owned by Peter Ruff; both ...