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1931 Herbert Hoover on German War Debt

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Uploaded on Mar 7, 2009

July 16, 1931. In June 1931, to deal with a very serious banking collapse in Vienna that threatened to cause a worldwide financial meltdown, Hoover issued the Hoover Moratorium that called for a one-year halt in reparations payments by Germany to France and in the payment of Allied war debts to the United States. The Hoover Moratorium had the effect of temporarily stopping the banking collapse in Europe. In June 1932, a conference canceled all reparations payments by Germany.

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  • blondeballinbabe

    blondeballinbabe 6 months ago

    Xtiml... Pissant? Lol

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  • xtiml

    xtiml 3 years ago

    this pissant never did get flushed like the turd he was.

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  • AZ375719

    AZ375719 4 years ago

    From fear to confidence! From peace to war! From a regional power to a global one!

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  • JSLegoMaster

    JSLegoMaster 4 years ago

    Stoneface.

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  • utubesucks2003

    utubesucks2003 4 years ago

    History!

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