TITLE

America's War Debt Policy

PUB. DATE
October 1931
SOURCE
Congressional Digest;Oct31, Vol. 10 Issue 10, p227
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the war debt policy of the United States as of October 1931. President Herbert Clark Hoover proposed a one year moratorium on Germany's reparation payments to the Allied Governments. It was thought that granting of a year's holiday would either revise or cancel the debts on the country. The U.S. Government passed various Acts and made a World War Foreign Debt Commission to work out the debt settlement. It was reiterated by the Government that cancellation of the debt was out of question. Even on the question of having a joint session of the two houses to debate the matter debt cancellation was a closed question.
ACCESSION #
12128849

 

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