One of the significant accomplishments of the Hoover administration during the first year of his office was option B Creation of a federal agricultural program to regulate farm prices.
The correct option is B.
creation of a federal agricultural program to regulate farm prices.
Reason:
- Among the many areas of American life in which Hoover attempted to help with his policies, was the agricultural field.
- As such, in 1929 he signed into law the Agricultural Marketing Act and established with it the Federal Farm Board.
- It attempted to stabilize prices through cooperatives and corporations, ensure the proper sale of American agricultural products, and
- It ensured the buying of the surplus production by the federal government to help with the stabilization of prices.
The wrong options are:
A. deregulation of the stock market to encourage speculation
C. reduction of agricultural and industrial tariffs to spur worldwide trade
D. construction of the Hoover Dam in Nevada to provide jobs for American
Reason:
- These options are wrong because these were not related to the significance and the administration of Hoover. These options were for the various factors not for the federal farm board.
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