What describes Hoovers philosophical approach to stimulating the economy?

Herbert Hoover's philosophical approach to stimulating the economy during the Great Depression emphasized limited government intervention and reliance on voluntary cooperation between businesses and labor. He believed that the federal government should facilitate voluntary measures rather than direct involvement, advocating for private sector initiatives to restore economic confidence. Hoover also promoted public works projects to create jobs, but he resisted large-scale government spending, fearing it would undermine individual initiative and self-reliance. This approach ultimately faced criticism as the economic crisis deepened, leading many to view it as insufficient.