Why did the US become international creditor from international debtor? -SST 10th

1 Answer

Answer :

. World War I led to the snapping of economic links between some of the world’s largest economic powers which were now fighting each other to pay for them. . Britain borrowed large sums of money from US banks as well as from US public. . History: India and the Contemporary!World-11 . Thus the war transformed the US from being an international debtor to an international creditor. . So, the US and its citizens owned more overseas assets than foreign governments and citizens owned in US.

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