Why did hoover refuse to support government invention in the economy?

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2026-04-06 05:35

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Herbert Hoover believed in limited government intervention and the principles of individualism and self-reliance. He thought that the economy would naturally recover from the Great Depression through the efforts of businesses and community organizations without direct government aid. Hoover feared that government intervention could undermine the free market system and lead to increased dependency on the state. His approach emphasized voluntary cooperation and encouraged private initiatives rather than federal assistance.

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