3 years ago

What was the effect of Hoover’s moratorium on war-time debt and reparation payments?

1 answer:

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Answer:

<em>"U.S. President Herbert Hoover offered a plan that he hoped would ease the international economic crisis and provide time for recovery. Hoover issued a public statement in June that proposed a one-year moratorium on the payments of World War I reparations and war debts, postponing both principal and interest."</em>

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