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

Sagot :

Answer:

"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."

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