Final answer:
Herbert Hoover's response to the Wall Street Crash was characterized by optimism and a reliance on American traditions of self-reliance and minimal government intervention.
Step-by-step explanation:
President Herbert Hoover's perspective on the Wall Street Crash was initially that of optimism and adherence to American traditions of self-reliance and minimal government intervention. Hoover asked individuals to work harder and businesses to sustain the economy by retaining workers.
In line with his belief in American individualism, Hoover was reluctant to accept that the Great Depression was a crisis that required substantial government intervention. His belief in balanced budgets, a strong dollar backed by the gold standard, and the natural correction of economic fluctuations, led to him being seen as insensitive to the suffering of Americans. His economic policies, influenced by his philosophy and the economic context of the time, were limited and proved insufficient as the Depression worsened.
Hoover's legacy is marred by criticisms of his delayed response to the economic catastrophe and his failure to provide meaningful national leadership during the Depression. Despite initiating some policies later in his presidency, Hoover's efforts were too little and too late, resulting in high unemployment and the closure of banks and factories, ultimately leading to his defeat in the 1932 presidential election.