Answer
President Hoover’s approach to the Great Depression showcased his belief in individualism and minimal government intervention. Initially, he encouraged voluntary efforts from businesses and citizens, promoting wage stability and production continuity while urging individuals to cut back and strive harder. However, these initiatives failed to halt the economic downturn. As the situation intensified, Hoover reluctantly implemented some federal relief measures like the Reconstruction Finance Corporation and the Emergency Relief Act. Nonetheless, these responses were often viewed as insufficient and came too late to make a significant difference during the economic turmoil. Ultimately, Hoover’s reluctance to provide extensive government aid and his reliance on voluntary support from the business sector proved inadequate in confronting the Great Depression’s enormity.
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