And what has been the result of the American system? Our country has become the land of opportunity to those born without inheritance, not merely because of the wealth of its resources and industry but because of this freedom of initiative and enterprise. Russia has natural resources equal to ours.... But she has not had the blessings of one hundred and fifty years of our form of government and our social system. – Herbert Hoover, "Rugged Individualism" Speech, October 28, 1928
How did these words of Presidential candidate Herbert Hoover reflect his actions as President in response to the economic crisis of the Great Depression?