Question

essay 2 points
briefly summarize herbert hoovers philosophical approach to the great depression.
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Explanation:

Herbert Hoover's approach to the Great Depression was rooted in his belief in rugged individualism and limited government intervention. He thought the economy would recover through private - sector initiative and voluntary cooperation. He was reluctant to use direct federal relief, instead favoring local and private efforts, and programs like the Reconstruction Finance Corporation to lend to banks and businesses to stimulate recovery, believing in self - help and the idea that government should not overly interfere with the free - market system.

Answer:

Herbert Hoover's philosophical approach to the Great Depression emphasized rugged individualism and limited government intervention. He relied on private - sector initiative, voluntary cooperation, local/private relief efforts, and programs like the Reconstruction Finance Corporation (lending to banks/businesses) to spur economic recovery, believing the free - market system should largely operate without excessive federal interference.