Refer to the passage. "The back of the depression cannot be broken by any single government undertaking. That can only be done with the cooperation of business, banking, industry, and agriculture in conjunction with the government. The aid the government may give includes: (a) The quick, honest balancing of the Federal budget through drastic reduction of less necessary expenses and the minimum increase in taxes; (b) The avoidance of issue of further Treasury securities as the very keystone of national and international confidence upon which all employment rests; (c) The continuation of the work of the Reconstruction Corporation which has overcome the strain on thousands of small banks, releasing credit to their communities, the strengthening of building and loan associations, the furnishing of credit to agriculture, the protection of trustee institutions and the support of financial stability of the railways; (d) The expansion of credit by the Federal Reserve Banks; (e) The organized translation of these credits into actualities for business and public bodies; (f) Unceasing effort at sound strengthening of the foundations of agriculture; (g) The continuation of such public works in aid to unemployment as does not place a strain on the taxpayer and do not necessitate government borrowing.”

Excerpt from a 1932 letter from President Hoover to the president of the American Society of Civil Engineers about policies to end the Great Depression

How were Great Britain’s economic policies during the 1970s oil crisis similar to President Hoover’s policies during the Great Depression?

Both enforced numerous fiscal policies designed to stabilize the economy and inflation.
Both promoted free-market policies and more competition in an effort to help the economy recover.
Both expanded the monetary supply in an effort to reduce inflation and stem the economic decline.
Both increased socialist fiscal policies in an attempt to minimize the effects of the economic recession.