He did nothing, thinking the economic crisis would mend itself with time.
Hoover was a laissez-faire Republican who believed the government should not interfere with the economy.
Hoover's approach to the Great Depression was to do nothing initially. He believed it was a normal part of the boom-bust economic cycle. As the Depression moved on, Hoover used a method of volunteerism. Volunteerism asked those with money to give to others and to invest their money back into the banks and job creation.
They formed to lead popular protests against the Stamp Act.
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