History of the United States II / Unit 10 USH2 1387 short lesson, about 20 seconds
The Hoover Moratorium
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The idea
In nineteen thirty-one Hoover proposed a moratorium halting German reparation payments and Allied war debts.
In practice
Debts from unit eight's war still weighing on Europe's economies.
Where people slip
The anchor judges the moratorium ineffective. Digital History says American tariffs had made it hard for European nations to pay their debts at all.
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