Question

What were Hoovers beliefs regarding the Great Depression?

Answer 1

Hoover's key belief about the Great Depression was the economy and stock market would be able to be fixed if they found a resolution by the end of the Depression using minimal actions to help the government.

Answer 2

Hoover believed that the Great Depression was a part of a cycle that capitalism has provided to society. He believed further that the economy and stock market would be able to fix if they find resolutions to end the depression. Therefore, he only used minimal actions to help using the government.