1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WINSTONCH [101]
3 years ago
14

What was the effect of Hoover's moratorium on wartime debt and reparation payments?

History
2 answers:
leva [86]3 years ago
6 0

On June 20, 1931, the Hoover Moratorium was a common declaration announced by US President Herbert Hoover who expected to facilitate the aspiring global financial crisis and render time for restoration. After World War I there were several reasons coupled to bring about an intense economic crisis in Germany. The circumstances became so dangerous in the month of June 1931  that President Hoover exercised the radical step of introducing a one-year moratorium on repayment and inter-governmental mortgage repayments to limit the economic and financial destruction of Germany.

kolbaska11 [484]3 years ago
4 0

This statement was met with disapproval from France, as well as many US citizens. Despite this negative reaction, it went on to gain support from fifteen nations by July 6. The moratorium was approved by Congress in December.

However, this program did not do much to slow the economic downturn in Europe. Germany was caught in a major banking crisis, Britain deserted the gold standard (the US would also follow suit in 1933 as part of President Franklin D. Roosevelt's New Deal) and France would make sure to quickly re-address the issue after this year suspension ended.

You might be interested in
Pls help! will give brainlist
Liula [17]

Answer:

True

Explanation:

They never truly wanted to destroy the south they just wanted to defend the north

4 0
2 years ago
Read 2 more answers
Which system of government divides power between the central government and sub-national political units?
inna [77]
The Answer is:
Federalism
3 0
3 years ago
PLEASE HELP ME IT IS URGENT!!! 100 POINTS AND MARKED BRAINLEST ;)
Fynjy0 [20]

#2 Nature According to John Locke and other thinkers, laws or principles of the social world could be understood by applying the power of human nature

7 0
3 years ago
What causes good people to do bad things?
AVprozaik [17]

Answer:

When something bad happen to them./ Someone is mean to them a lot.

Explanation:

5 0
2 years ago
Read 2 more answers
I need help again ASAP
ladessa [460]
The first I think I haven't taken the test but I saw a film
3 0
3 years ago
Other questions:
  • factor out a negative 1 from the expression using a bracket. Then rewirte the first term inside the bracket as the square of a t
    12·1 answer
  • Vote in the U.S. House of Representatives on a
    5·1 answer
  • _____ are birds which are famous for performing a ritualized mating dance?
    7·1 answer
  • What was the basic cause of the Punic Wars? Rome's acceptance of Christianity Carthage's invasion of Italy Rome's rivalry with C
    11·1 answer
  • What was the chief complaint about cover conservatives against the New Deal
    14·1 answer
  • Critics of Hamilton's Financial Program, like Thomas Jefferson, argued all of the following EXCEPT
    6·1 answer
  • a historian studying Egypt organizes the major events in the order in which they occurred which is this situation an example of
    11·2 answers
  • I need the answer plssss helllllppppp
    8·1 answer
  • What was the United States' role in the Gulf War?
    6·1 answer
  • HELP PLEASE IM CONFUSED!!!!!
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!