Social Sciences and the Law

What exceptions were made to war debt repayment?

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In 1931, in the face of the worldwide economic depression, President Hoover's proposal for a one-year moratorium on all intergovernmental obligations was adopted. In the Lausanne Pact of 1932 the debtors greatly reduced German reparations in the hope that the United States would release all claims. The United States refused.

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Similar questions: What was introduced to help ease the difficulties of paying war debts to the United States? How was the burden of war debts reduced? How did the Great Depression effect payments for money owed to the United States from other nations? What is the Lausanne Pact? [ Hide these questions ]

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