Before Presidency, Herbert Hoover was known to be a very humanitarian man. He helped aid Belgium after WW1 by aiding them with food. His humanitarian work got him a job as secretary of commerce under President Warren Harding and President Calvin Coolage.
Hoover was an advocate of laissez-faire economics. He believed an economy based on capitalism would self-correct. He felt that economic assistance would make people stop working.
Hoover thought of he creation of the National Credit Corporation.He gave loans to banks, businesses, and farming groups in the hope that these loans would help stimulate the economy.