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Hoover Moratorium
The Hoover Moratorium was a public statement issued by United States President Herbert Hoover on June 20, 1931, who hoped to ease the ongoing international financial crisis and provide time for recovery by instituting a one-year moratorium on payments of German and inter-Allied war debt stemming from World War I. The proposal would postpone the repayment of both capital and interest. Many, both in the United States and abroad, were outraged by this idea.Staff (nndg"Hoover Moratorium"US History.com The statement was met with initial disapproval from France and many American citizens, but, after much telephonic lobbying by Hoover, went on to gain support from 15 nations by July 6. It was approved by the United States Congress in December. However, neither the moratorium nor the permanent cancellation of the reparations did much to slow the economic downturn in Europe. Germany was caught in a major banking crisis, Britain left the gold standard – the US would follow suit in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert Hoover
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was an American politician who served as the 31st president of the United States from 1929 to 1933 and a member of the Republican Party, holding office during the onset of the Great Depression in the United States. A self-made man who became rich as a mining engineer, Hoover led the Commission for Relief in Belgium, served as the director of the U.S. Food Administration, and served as the U.S. Secretary of Commerce. Hoover was born to a Quaker family in West Branch, Iowa, but he grew up in Oregon. He was one of the first graduates of the new Stanford University in 1895. He took a position with a London-based mining company working in Australia and China. He rapidly became a wealthy mining engineer. In 1914 at the outbreak of World War I, he organized and headed the Commission for Relief in Belgium, an international relief organization that provided food to occupied Belgium. When the U.S. entered the war in 1917 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dawes Plan
The Dawes Plan (as proposed by the Dawes Committee, chaired by Charles G. Dawes) was a plan in 1924 that successfully resolved the issue of World War I reparations that Germany had to pay. It ended a crisis in European diplomacy following World War I and the Treaty of Versailles. The plan provided for an end to the Franco-Belgian occupation of the Ruhr, and a staggered payment plan for Germany's payment of war reparations. Because the Plan resolved a serious international crisis, Dawes shared the Nobel Peace Prize in 1925 for his work. The Dawes Plan was put forward and was signed in Paris on August 16, 1924. This was done under the Foreign Secretary of Germany, Gustav Stresemann. Stresemann was Chancellor after the Hyperinflation Crisis of 1923 and was in charge of getting Germany back to its global reputation for being a fighting force. However, he resigned from his position as Chancellor in November 1923 while remaining Foreign Secretary of Germany. Background: World War ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1931 In The United States
Events from the year 1931 in the United States. Incumbents Federal Government * President: Herbert Hoover ( R-California) * Vice President: Charles Curtis ( R-Kansas) * Chief Justice: Charles Evans Hughes (New York) * Speaker of the House of Representatives: Nicholas Longworth ( R-Ohio) (until March 4), John Nance Garner ( D-Texas) (starting December 7) * Senate Majority Leader: James Eli Watson ( R-Indiana) * Congress: 71st (until March 4), 72nd (starting March 4) Events January * January – The American Federation of Labor's National Committee for Modification of the Volstead Act is formed to work for the repeal of Prohibition in the United States. * January 2 – South Dakota native Ernest Lawrence invents the cyclotron, used to accelerate particles to study nuclear physics. * January 3 – Albert Einstein begins doing research at the California Institute of Technology, along with astronomer Edwin Hubble. * January 6 ** Thomas Edison submits his last ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1931 In International Relations
Events January * January 2 – South Dakota native Ernest Lawrence invents the cyclotron, used to accelerate particles to study nuclear physics. * January 4 – German pilot Elly Beinhorn begins her flight to Africa. * January 22 – Sir Isaac Isaacs is sworn in as the first Australian-born Governor-General of Australia. * January 25 – Mohandas Gandhi is again released from imprisonment in India. * January 27 – Pierre Laval forms a government in France. February * February 4 – Soviet leader Joseph Stalin gives a speech calling for rapid industrialization, arguing that only strong industrialized countries will win wars, while "weak" nations are "beaten". Stalin states: "We are fifty or a hundred years behind the advanced countries. We must make good this distance in ten years. Either we do it, or they will crush us." The first five-year plan in the Soviet Union is intensified, for the industrialization and collectivization of agriculture. * February 10 – Official ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1930s Economic History
Year 193 ( CXCIII) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sosius and Ericius (or, less frequently, year 946 ''Ab urbe condita''). The denomination 193 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * January 1 – Year of the Five Emperors: The Roman Senate chooses Publius Helvius Pertinax, against his will, to succeed the late Commodus as Emperor. Pertinax is forced to reorganize the handling of finances, which were wrecked under Commodus, to reestablish discipline in the Roman army, and to suspend the food programs established by Trajan, provoking the ire of the Praetorian Guard. * March 28 – Pertinax is assassinated by members of the Praetorian Guard, who storm the imperial palace. The Empire is auctioned of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Presidency Of Herbert Hoover
Herbert Hoover's tenure as the 31st president of the United States began on his inauguration on March 4, 1929, and ended on March 4, 1933. Hoover, a Republican, took office after a landslide victory in the 1928 presidential election over Democrat Al Smith of New York. His presidency ended following his defeat in the 1932 presidential election by Democrat Franklin D. Roosevelt. Hoover was the third straight Republican president, and he retained many of the previous administration's policies and personnel, including Secretary of the Treasury Andrew Mellon. Hoover favored policies in which government, business, and labor worked together to achieve economic prosperity, but he generally opposed a direct role for the federal government in the economy. Seeking to address an ongoing farm crisis, Hoover signed the Agricultural Marketing Act of 1929. Despite growing public resistance to Prohibition, Hoover increased federal enforcement of Prohibition. In foreign affairs, Hoover favo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aftermath Of World War I In Germany
Aftermath may refer to: Companies * Aftermath (comics), an imprint of Devil's Due Publishing * Aftermath Entertainment, an American record label founded by Dr. Dre * Aftermath Media, an American multimedia company * Aftermath Services, an American crime-scene cleanup company Film and television Films * Aftermath (1914 film), ''Aftermath'' (1914 film), an American lost silent film * Aftermath (1927 film), ''Aftermath'' (1927 film), a German silent film * Aftermath (1990 film), ''Aftermath'' (1990 film) or ''Crash: The Mystery of Flight 1501'', an American television film * Aftermath (1994 film), ''Aftermath'' (1994 film), a Spanish short horror film by Nacho Cerdà * Aftermath (2001 film), ''Aftermath'' (2001 film), a television movie starring Meredith Baxter * Aftermath (2002 film), ''Aftermath'' (2002 film), a film starring Sean Young * Aftermath (2004 film), ''Aftermath'' (2004 film), a Danish film * Aftermath (2012 film), ''Aftermath'' (2012 film), a Polish thriller and drama * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of The Foreign Relations Of The United States
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the nature of history as an end in itself, as well as its usefulness to give perspective on the problems of the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression In The United States
In the History of the United States, United States, the Great Depression began with the Wall Street Crash of 1929, Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth as well as for personal advancement. Altogether, there was a general loss of confidence in the economic future. The usual explanations include numerous factors, especially high consumer debt, ill-regulated markets that permitted overoptimistic loans by banks and investors, and the lack of high-growth new industries. These all interacted to create a downward economic spiral of reduced spending, falling confidence and lowered production. Industries that suffered the most included construction, shipping, mining, logging, and agriculture. Also hard hit was the manufacturing of dur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Banking Crisis Of 1931
The European banking crisis of 1931 was a major episode of financial instability that peaked with the collapse of several major banks in Austria and Germany, including Creditanstalt on , Landesbank der Rheinprovinz on , and Danat-Bank on . It triggered the exit of Germany from the gold standard on , followed by the UK on , and extensive losses in the U.S. financial system that contributed to the Great Depression. The crisis has been widely associated with the subsequent rise of the Nazi Party in Germany and its eventual takeover of government in early 1933, as well as the emergence of Austrofascism in Austria and other authoritarian developments in Central Europe. The causes of the crisis included a complex mix of financial, fiscal, macroeconomic, political and international imbalances that have nurtured a lively debate of historiography. Background Germany's banking sector shrunk dramatically from 1913 to 1924, but expanded rapidly again in the later 1920s, with fivefold gro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lausanne Conference Of 1932
The Lausanne Conference was a 1932 meeting of representatives from the United Kingdom, Germany, and France that resulted in an agreement to suspend World War I reparations payments imposed on Germany by the Treaty of Versailles. Held from June 16 to July 9, 1932, it was named for its location in Lausanne, Switzerland. The Hoover Moratorium had placed a hold on war reparations payments in 1931, and a year later the delegates to the Lausanne Conference realized that the deepening world financial crisis in the Great Depression made it nearly impossible for Germany to resume its payments. However, Britain and France and other Allies had borrowed heavily to fight the war, and in particular, France and Belgium were struggling after having had their infrastructure severely damaged by the fighting and by the deliberate destruction and plundering from retreating German forces as the war drew to a close. Therefore, the delegates came to an informal understanding that the permanent elimina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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