USA HISTORY

Detailed explanation-1: -Rugged individualism, derived from individualism, is a term that indicates that an individual is self-reliant and independent from outside, usually state or government assistance.

Detailed explanation-2: -noun. : the practice or advocacy of individualism in social and economic relations emphasizing personal liberty and independence, self-reliance, resourcefulness, self-direction of the individual, and free competition in enterprise.

Detailed explanation-3: -According to Hoover’s economic theory, financial losses should affect profits, not employment, thus maintaining consumer spending and shortening the downturn. Hoover received commitments from private industry to spend $1.8 billion for new construction and repairs to be started in 1930, to stimulate employment.

Detailed explanation-4: -Associationalism or associative democracy is a political movement in which “human welfare and liberty are both best served when as many of the affairs of a society as possible are managed by voluntary and democratically self-governing associations."