Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What was the hoover moratorium?

April 26, 2017Hoover moratorium

0

10 Posted

What was the hoover moratorium?

1 Answer

0

10 Posted

By mid-1931, the Great Depression was being felt throughout Europe. U.S. President Herbert Hoover offered a plan that proposed a one-year moratorium on the payments of World War I reparations and war debts, postponing both principal and interest.