This podcast was published in August 2010 and it is about the Alcohol Prohibition.
The prohibition was awful for people in the United States. Alcohol is such an economic growth for the United States. So in the prohibition people used Moonshine which was inelastic good because people will still buy it. People will also still drink is as much as possible because it makes people happy. Even though most people don’t know that alcohol is a depressant.
FDR used to go to a little cove in Georgia and buy moonshine. FDR loved moonshine and even swore to protect the law against drinking alcohol. People still loved alcohol during moonshine and still drank it.
During Prohibition you couldn’t get beer because it was hard to hide. So spirits and hard liquor was easy to hide so more people started drinking that which helped the economic growth in revenue.
When FDR was running for president he said he would repeal the 18th amendment and people loved it. This was also very economical because once he took office the U.S was in the Great Depression and after making alcohol legal this helped the United States make peace with the Great Depression.
I learned that Alcohol is an inelastic good and always will be one because how much people enjoy it.
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