What was one significant accomplishment of the Hoover administration during his first year in office? (1 point) Responses deregulation of the stock market to encourage speculation deregulation of the stock market to encourage speculation creation of a federal agricultural program to regulate farm prices creation of a federal agricultural program to regulate farm prices reduction of agricultural and industrial tariffs to spur worldwide trade reduction of agricultural and industrial tariffs to spur worldwide trade construction of the Hoover Dam in Nevada to provide jobs for Americans

5 answers

One significant accomplishment of the Hoover administration during his first year in office was the construction of the Hoover Dam in Nevada to provide jobs for Americans.

Use the cause and effect table to answer the question. Cause Effect Investors often bought stocks “on margin.” ? Which event best completes the table? (1 point) Responses Individual stocks experienced relatively little change in price over time. Individual stocks experienced relatively little change in price over time. Government regulations led people to pull their money from the market. Government regulations led people to pull their money from the market. Declines in stock prices eliminated personal savings and left investors in debt. Declines in stock prices eliminated personal savings and left investors in debt. A booming stock market distributed wealth broadly across a majority of Americans.

The event that best completes the table is: Declines in stock prices eliminated personal savings and left investors in debt.

This effectively demonstrates the cause-and-effect relationship between buying stocks "on margin" and the subsequent financial consequences of stock market declines.

Which action most contributed to an international economic crisis during the early years of the Great Depression? (1 point) Responses Congress passed the Smoot-Hawley tariff. Congress passed the Smoot-Hawley tariff. The United States stock market lost a great deal of its value. The United States stock market lost a great deal of its value. The Federal Reserve sharply dropped interest rates. The Federal Reserve sharply dropped interest rates. European governments ended the use of the gold standard.

The action that most contributed to an international economic crisis during the early years of the Great Depression was: Congress passed the Smoot-Hawley tariff.

This tariff raised import duties significantly, leading to retaliatory tariffs from other countries and a decline in international trade, which exacerbated the global economic situation.