Hoover was a Republican and during the 1920's that meant little government interference with the economy. He was following the common practice of his political party for the time. Also, based on previous panics and recessions, the government didn't have to interfere because the economy naturally saw booms and busts in the economic cycle. It was believed that this economic bust was a normal decline and with reinvestment by the wealthy the economy would bounce back.
People arguing for government interference suggested that the depression was worse and different than other panics experienced before this. No one was reinvesting in the economy because they had lost too much or were not willing to trust the system. It was argued that government spending was needed to get the economy started again and then the debt the government gained from economic investment would be paid back with increased taxes when the economy turned around.
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Explorers learned more about areas such as Africa and the Americas and brought that knowledge back to Europe. Massive wealth accrued to European colonizers due to trade in goods, spices, and precious metals.
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Validation, superiority complex, sense of power, enjoyment, masochist
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While initially, America thought it best to stay out of foreign affairs, in the Cold War, they changed their opinion drastically, practicing containment in an effort to stop the spread of communism.
The allies point of view was that WW1 was cause by Germany and its allies and that Germany had to be "punished" for it with reparations. These reparations were a source of great dissatisfaction in Germany, contributed to its financial crisis in the period after the War, and paved a way for Hitler's government, because the frustrated and desperate people were more likely to accept an extreme government.
