One of the Hoover administration's initial responses to the Great Depression was to prioritize maintaining a balanced budget and avoiding deficits. Hoover believed that the economy would eventually recover on its own without government intervention. Another response was the creation of the Federal Farm Board in 1929 to assist farmers by stabilizing agricultural prices, however, this effort was largely ineffective in addressing the widespread economic crisis. Overall, Hoover's initial response to the Great Depression was characterized by a commitment to limited government intervention and a belief in the ability of businesses and individuals to bounce back from the economic downturn.
