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What was one significant accomplishment of the Hoover administration during his first year in office?

(1 point)

deregulation of the stock market to encourage speculation


creation of a federal agricultural program to regulate farm prices


reduction of agricultural and industrial tariffs to spur worldwide trade


construction of the Hoover Dam in Nevada to provide jobs for Americans

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creation of a federal agricultural program to regulate farm prices

Hoover pushed the Agricultural Marketing Act (1929), which created the Federal Farm Board to stabilize prices by buying and holding surplus crops.