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Revive Prosperity Program Moves Forward in 1920s
Washington reports executive and legislative leaders agree on a broad program for the coming months. A new tariff and a new internal revenue law are central, with projected tariff yields of 500 to 700 million dollars amid expected opposition but strong administration support. The railroad rehabilitation plan and debt refinancing aim to spark an industrial revival, with railroads anticipated to place large orders by August, signaling broader business recovery.
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