"i have witnessed not only at home but abroad the many failures of government in business. i have seen.. its undermining of the very instincts which carry our people forward to progress. i have witnessed the lack of advance, the lowered standards of living, the depressed spirits of people working under such a what has been the result of the american system? our country has become the land of opportunity to those born without inheritance, not merely because of the wealth of its resources and industry but because of this freedom of initiative and enterprise. russia has natural resources equal to but she has not had the blessings of one hundred and fifty years of our form of government and our social system." excerpt from president hoover's "rugged individualism" speech in 1928 what does president hoover imply as the reason why america's system was better than russia's? a) socialism b) capitalism c) laissez-faire d) natural resources