President Hoover's goal of establishing a favorable climate for business and actively assisting the business community was addressed through the creation of __________.

Question

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Hoover aimed to foster a cooperative relationship between the government and businesses to stimulate economic growth, an approach referred to as the "associative state." This concept involved encouraging voluntary partnerships and collaborations among businesses, rather than relying solely on government intervention or regulation.

President Hoover's Goal of Establishing a Favorable Climate for Business