Herbert Hoover actually said...

In view of the security afforded by the Peace Pact, we have been able to end, we trust for ever, all competitive building between ourselves with the risk of war and the waste of public money involved, by agreeing to a parity of fleets, category by category.

Context

Joint Statement Following Meetings With British Prime Minister MacDonald.

10/08/1929

https://www.presidency.ucsb.edu...

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