The American auto industry consumed 70% of the world's output, but British investors controlled much of the supply. Their plan was to drastically cut back on output from British Malaya, which had the effect of tripling rubber prices. Hoover energetically gave a series of speeches and interviews denouncing the monopolistic practice, and demanding that it be ended. The American State Department wanted no such crisis and compromised the issue in 1926. By then Hoover had solved his image problem, and during his 1928 campaign he successfully squelched attacks that alleged he was too close to British interests.[117]

Other initiatives
Hoover (left) with President Warren Harding at a baseball game, 1921
With the goal of encouraging wise business investments, Hoover made the Commerce Department a clearinghouse of information. He recruited numerous academics from various fields and tasked them with publishing reports on different aspects of the economy, including steel production and films. To eliminate waste, he encouraged standardization of products like automobile tires and baby bottle nipples.