Final answer:
President Hoover tried to combat the effects of the Wall Street Crash with approaches rooted in American individualism, a tax cut, and the creation of the RFC, but his measures were largely seen as too little, too late.
Step-by-step explanation:
After the Wall Street Crash of 1929, President Herbert Hoover implemented several strategies to mitigate the economic downturn. Hoover adhered to a philosophy of American individualism and initially resisted direct government intervention in the economy. He encouraged businesses to voluntarily maintain wages and production levels and persuaded Congress to pass a $160 million tax cut to support American incomes.
Additionally, he established the Reconstruction Finance Corporation (RFC), which provided loans to financial institutions and later, funded local public works projects. Despite these efforts, Hoover's response was criticized for being delayed and insufficient, ultimately failing to alleviate the dire economic conditions of the Great Depression.