Fall, were implicated in major scandals, Hoover emerged largely unscathed from investigations into the Harding administration.[102]
Hoover envisioned the Commerce Department as the hub of the nation's growth and stability.[103] His experience mobilizing the war-time economy convinced him that the federal government could promote efficiency by eliminating waste, increasing production, encouraging the adoption of data-based practices, investing in infrastructure, and conserving natural resources. Contemporaries described Hoover's approach as a "third alternative" between "unrestrained capitalism" and socialism, which was becoming increasingly popular in Europe.[104] Hoover sought to foster a balance among labor, capital, and the government, and for this, he has been variously labeled a corporatist or an associationalist.[105]  A high priority was economic diplomacy, including promoting the growth of exports, as well as protection against monopolistic practices of foreign governments, especially regarding rubber and coffee.[106]
Hoover demanded and received, authority to coordinate economic affairs throughout the government. He created many sub-departments and committees, overseeing and regulating everything from manufacturing statistics to air travel. 