08/02/1937 AD enacted
Interested parties note the aim of the Act was to reduce the hemp industry through excessive taxation[7][8][9] largely as an effort of businessmen Andrew Mellon, Randolph Hearst, and the Du Pont family.
The same parties argue with the invention of the decorticator, hemp was an economical replacement for paper pulp in the newspaper industry. Newspaper magnate William Randolph Hearst realized cheap, sustainable, and easily-grown hemp threatened his extensive timber holdings. Mellon, Secretary of the Treasury and the wealthiest man in the US, invested heavily in the Du Pont family's new synthetic fiber, nylon, to compete with hemp.
Washington, D.C.
Lattitude: 38.9072° N
Longitude: 77.0369° W
Region: North America
Modern Day United States
Lattitude: 38.9072° N
Longitude: 77.0369° W
Region: North America
Modern Day United States
Subjects Who or What enacted?
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Franklin Delano Roosevelt (FDR) 32nd President of ...
Objects To Whom or What was enacted?
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Marijuana Tax Act of 1937 (Marihuana) US Act that placed a tax...
Events in 1937 MORE
