Hoover was not a laissez-faire ideologue—he increased federal spending, tried to coordinate businessmen to prevent wage cuts, and created the RFC—but this is distinct from being a proto-New Dealer; his anti-collapse efforts were limited by his discomfort with anything resembling nationalization and by a federal government too small to counter the Depression's severity.

factualpending

Speaker

Eric Rauchway

Evidence Quote

Hoover was not a laissez-faire guy. That's not the same as saying he's a proto New Dealer.

Source

Eric Rauchway on the Great Depression and the New Deal 12/01/2008EconTalk
Created: 6/17/2026, 10:09:28 AM

My Notes

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