Premier Endorses Hoover Proposal

President Hoover proposed suspending reparation and debt payments, a move seen as wise and courageous. The U.S. responded positively, suspending payments to America and debts owed by foreign countries. This decision, including a 12 million pound loss from dominions and India, is a heavy burden but is expected to aid in reviving world trade.

What was President Hoover's proposal regarding reparation and debt payments?

• To ignore the payments

• To suspend the payments

• To reduce the payments

• To increase the payments

How did the country respond to President Hoover's appeal?

• They ignored it

• They responded negatively

• They were indifferent

• They responded positively

What additional action did the country take regarding dominions and India?

• Doubled their payments

• Increased their payments

• Excused them from payments

• Delayed their payments

What was the financial impact of excusing dominions and India from payments?

• A loss of 5 million pounds

• A loss of 12 million pounds

• No financial impact

• A gain of 12 million pounds

What is the expected outcome of Mr. Hoover's efforts according to the speaker?

• A decline in world trade

• No change in world trade

• A minor impact on world trade

• A great contribution to the revival of world trade