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

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

Answer: The best answer to your question: What was one significant accomplishment of the Hoover administration during his first year in office, would be, B: Creation of a federal agricultural program to regulate farm prices.

What was one significant accomplishment of the Hoover administration quizlet?

Terms in this set (135) Hoover’s accomplishments include: -signed into law the Agricultural Marketing Act. This law created the Federal Farm Board to help regulate farm prices.

What was one significant accomplishment?

‘My greatest achievement’ examples could include: Giving a great presentation at work. Beating sales targets. Training for and completing a marathon.

What are good achievements?

Some examples of accomplishments are:

• Scholarships.
• Honor Roll inclusion for high grades.
• Awards won for specific activities or subjects (i.e., Most Valuable Player (MVP), Fine Art Award)
• Inclusion in student-related achievement publications (i.e., Who’s Who in American High Schools)
• Perfect attendance awards.

What happened that caused the Great Depression?

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

Why did so many banks closed and how did this hurt the economy more?

The economy fell. There was a banking crisis in which the banks lost the money they had invested in the stock market, as well the money they had loaned their customers to buy stocks on margin. However, the banks didn’t keep that much cash on hand to cover all the deposits, and ran out of money. So, many had to close.

How did gold standard Cause the Great Depression?

Bank failures led ordinary citizens to hoard gold. As a result, demand for U.S. exports slowed. A slowing economy combined with the stock market crash of 1929 and a subsequent wave of bank failures in 1930 and 1931 led to crippling levels of deflation. Soon, the frightened public began hoarding gold.

What was the gold standard and why did it collapse?

Notable Happenings. In 1913, Congress created the Federal Reserve to stabilize gold and currency values in the U.S. When World War I broke out, the U.S. and European countries suspended the gold standard so they could print enough money to pay for their military involvement.

What would happen if we returned to the gold standard?

For example, if the US went back to the gold standard and set the price of gold at US$500 per ounce, the value of the dollar would be 1/500th of an ounce of gold. This would offer reliable price stability. By introducing the gold standard, transactions no longer have to be done with heavy gold bullion or gold coins.

What would happen if everyone paid off their debt?

If all consumers began to paid off their debt, the economy would suffer for a while. Every major interest would have problems, especially banks. Certain kinds of accounts would no longer be available. However, when the debt is paid off, the economy would undergo a dramatic change.

Should the gold standard be brought back?

Should the United States Return to a Gold Standard? Proponents of the gold standard argue that gold retains a stable value that reduces the risk of economic crises, limits government power, would reduce the US trade deficit, and could prevent unnecessary wars by limiting defense spending.

What would happen to the economy if there was no money?

Demand would outstrip supply of food, gas, and other necessities. If the collapse affected local governments and utilities, then water and electricity might no longer be available. A U.S. economic collapse would create global panic. Demand for the dollar and U.S. Treasurys would plummet.

What would happen to the economy if everyone was rich?

First effect would be hyperinflation – money would be losing value every minute, soon to become completely worthless. Most of economy would suddenly stop – shops would not sell, people would not come to work, trade would be dead, factories would stop for the lack of work force.