taxes on cables, telegrams, and railway and steamship tickets were removed. Measures were also carried out to support farmers. In 1922, for instance, a measure was introduced and passed “restoring the Crow's Nest Pass railways rates on grain and flour moving eastwards from the prairie provinces.” A Farm Loan Board was set up to provide rural credit; advancing funds to farmers “at rates of interest and under terms not obtainable from the usual sources,” while other measures were carried out such as preventative measures against foot and mouth disease and the establishment of grading standards “to assist in the marketing of agricultural products” both at home and overseas. In addition, the Combines Investigation Act of 1923 was aimed at safeguarding consumers and producers from exploitation. A Fair Wages and Eight Hours Day Act was introduced in 1930. Defeat in 1930 King's government was in power at the beginning of the Great Depression, but was slow to respond to the mounting crisis. He felt that the crisis was a temporary swing of the business cycle and that the economy would soon recover without government intervention. Critics said he was out of touch. Just prior to the election, King carelessly remarked that he "would not give a five-cent piece" to Tory provincial governments for unemployment relief. The opposition made this remark a catch-phrase; the main issue was the deterioration in the economy and whether the prime minister was out of touch with the hardships of ordinary people. The Liberals lost the election of 1930 to the Conservative Party, led by Richard Bedford Bennett. The popular vote was very close between the two parties, with the Liberals actually earning more votes than in 1926, but the Conservatives had a geographical advantage that turned into enough seats to give a majority. Opposition leader (1930–1935) After his loss, King stayed on as leader of the Liberals, becoming the leader of the Opposition for the second time. King began his years as Opposition leader convinced that his government did not deserve defeat and that his government's financial caution helped the economy prosper. He blamed the financial crisis on the speculative excesses of businessmen and on the weather cycle. King argued that the worst mistake Canada could react to the Depression was to raise tariffs and restrict international trade. He believed that over time, voters would learn that they had been deceived by Bennett and would come