By rejecting Hoover's approach, FDR essentially embraced economic nationalism and committed the US to solving the Depression on its own.
Laissez-faire is a policy of minimal government intervention in the economic affairs of individuals and society.
The laissez-faire doctrine is commonly associated with the Physiocrats, a group of economists who flourished in France from about 1756 to 1778. In French, laissez-faire means "allow to do."
Thus, By rejecting Hoover's approach, FDR essentially embraced economic.
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