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President Herbert Hoover attempted to ease financial stress in Europe during the Great Depression by advocating for debt relief and extending loans to struggling nations. He promoted the Hoover Moratorium in 1931, which proposed a one-year suspension of war reparations and debt payments to alleviate the economic burden on European countries. Additionally, he supported the establishment of the International Relief Association to provide humanitarian aid. Despite these efforts, the scale of the economic crisis made significant recovery challenging.

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5d ago

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