answersLogoWhite

0


Best Answer

No, in fact the European countries were in debt to the United States following World War I. Before the US had become physically involved in the war we had been pumping millions of dollars into Allied side at high interest. This meant that after the Allies had won the war the European countries would have to pay back the United States much more than the United States had invested. In fact, one of our greatest motivations for entering the war ourselves was fear for an Allied loss which would have resulted in the loss of our investment. For some reason after the two world wars we granted the Europeans free of their debts. Again a typical dumb american answer that the rest of the world does not agree with. Why is American historical education so backwards? The US did NOT forgive British debt after World War 2. the last installment of 45 million was paid off in 2006 news.bbc.co.uk/1/hi/uk/6215847.stm

User Avatar

Wiki User

βˆ™ 9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Was the US in debt to European countries after World War 1?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do british people were needy after world war 2?

Britain, like most other European countries, was virtually bankrupt at the end of World War 2 and heavily in debt to the US for supplies received during the war.


Did Australia have a debt after World War 2?

yes Australia had a debt after the war just like most countries do


Theatres of War in world war?

The Pacific Theater, where the US fought Japan and the European theater the war, the war with European countries in the second world war


Did the second world was weaken most of the European countries?

yes the effect of second world war weaken the most European countries.


Whiat countries have paid their world war 11 debt?

none


What European countries began World War I?

The countries that started World War I were Serbia, Austria-Hungary, Germany, and Russia. Those were the base and then more countries joined.


Why couldn't European countries maintain their overseas colonies after World War 2?

After World War II, the world was bipolar


What happened to eastern European countries in World War 2?

they were devistated


Who were countries that were your enemies during world war 2?

European countries vs Asia and Africa .


Which European countries emerged as independent states after the third world war?

There hasn't been a war called the 'Third World War'.


How did World War 1 lead to the Great Depression and World War 2?

It led to the Great Depression because the U.S. was in debt to other countries


Following the Spanish-American War nations in the Caribbean and Central America were deeply in debt to?

European nations