THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to help American farmers market their crops overseas
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to help farmers learn how to prevent another Dust Bowl
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to use specific economic strategies to help increase crop prices
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to persuade the nation’s banks to avoid foreclosures on farmland
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Detailed explanation-1: -The board would help farmers stabilize prices by buying and holding surplus grain and cotton in storage. The Farm Board was part of Herbert Hoover ’s response to the downward spiral of crop prices in the years leading up to the Great Depression.
Detailed explanation-2: -The Federal Farm Board had two major fields of activity: strengthening farmer cooperatives and engaging in direct price stabilization operations with the $500 million revolving fund made available to it.
Detailed explanation-3: -In market-oriented farming the farm is run as a business buying inputs, using them to produce agricultural products, marketing those products and selling them for cash. The main goal is increased profits – where profit is the difference between income and costs.
Detailed explanation-4: -A farm (also called an agricultural holding) is an area of land that is devoted primarily to agricultural processes with the primary objective of producing food and other crops; it is the basic facility in food production.
Detailed explanation-5: -Governments have employed various measures to maintain farm prices and incomes above what the market would otherwise have yielded. They have included tariffs or import levies, import quotas, export subsidies, direct payments to farmers, and limitations on production.