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In the opening years of what would be a decade of worldwide depression, President Herbert Hoover made a series of proposals to quiet rising international tensions. In 1930 his administration extended the naval-limitations agreements of the early 1920s. In 1931 he proposed a moratorium on international debt, while refusing to cancel those lingering World War I debts owed to the United States by the European powers. Further, Hoover pressed for an international agreement on arms limitation, but the World Disarmament Conference, held in Switzerland in 1932, failed to achieve its goals. International economic and military pressures intensified. Fueled by the global depression, Fascism in Italy, Nazism in Germany, State Socialism in the Soviet Union, and militarism in Japan were ascendant.
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This section contains 127 words (approx. 1 page at 300 words per page) |
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