What did herbert hoover believe about the government and economics?

Herbert Hoover believed in a limited role for government in the economy, advocating for voluntary cooperation between businesses and government rather than direct intervention. He thought that the government should encourage individual initiative and self-reliance, allowing the economy to stabilize through private enterprise. Hoover was a proponent of free-market principles, believing that the economy would recover naturally without extensive government interference. However, during the Great Depression, his reluctance to implement more aggressive government measures faced criticism as economic conditions worsened.