What was one significant accomplishment of the Hoover administration during his first year in office?
B. creation of a federal agricultural program to regulate farm prices
Which event best completes the table?
Cause: Investors often bought stocks "on margin."
Effect: C. Declines in stock prices eliminated personal savings and left investors in debt.
Trace the causes that led to financial collapse in industries and high unemployment. Arrange the events in order, starting with the first event on top.
-Consumers make large purchases on credit.
-The stock market experiences a significant crash.
-Bank runs contribute to the failure of financial institutions.
-Industry declines as unemployment climbs past 20 percent.
Which action most contributed to an international economic crisis during the early years of the Great Depression?
A. Congress passed the Smoot-Hawley tariff.
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