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Show 12 committee Woods gram which the thought proper financial the in the by As its of way the This plan a President because he result task and the were of this finally of action the policy, disinte- of the that coun t r i.e s European President the found 1931 Hoover saw collapse was to intergovernmental debts for a finally 1931 June moratorium of October to prevent their to payments of many situation precarious only June from period structure pone the public works expansion pro- a agencies for direct relief failed The 19 The a down turned committee grated. such recommended municipalities. and states Woods was unemployment.18 alleviate might and municipalities utter resulted in and a gave an that postyear. of announcement short-lived commodity prices and business activity in in the boos.t to United states.20 During December of measure tion. 1931, 7, Hr. congressional session that convened the the President his program--the Hoover's l8E. main saw enacted Reconstruction an on important Finance Corpora- hope of stemming the tide of the President's Emer Hayes, Activities of the October 17, 1930-August 19, gency Committee for Employment, Rumford Press, 1936), pp. 3,27-28. 1931 (Concord, N.H.:e P. Hoover and the Great Gaylord Warren, Herbert and Norto 1967), pp. 190, Co., W. W. (New York: 19Harris Depression 196. 20James Current History, Thayer, XXXIV "The Hoover Debt (August 1931), pp. Settlement," 641645. |
