Economic Effects of Prohibition Repeal

Archive Report

Current Proposal for Modification or Repeal

One treasury deficit and the prospect of another, continuing unemployment and the ever-present perplexity of the farm problem are bringing forth a variety of proposals for the simultaneous solution of these difficulties. Conspicuous among them is the proposal for modification of the Volstead act or repeal of the 18th amendment. Modification or repeal, it is asserted, would at once bring vast new revenues from liquor taxes into the federal treasury, employ thousands of men in a revival of the brewing and distilling industry, and open a great market for farm products used in the manufacture of beer, wines, and spirits. Three serious national problems would be quickly solved, or at least greatly ameliorated, it is argued, by the prompt ...

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