Originally posted by DinoDoc
Molly pointed out that the UK had an economically better position than Germany. That doesn't explain how the war could have been financed without the rather large American loans Keynes came hat in hand to the US to negotiate. (IIRC, they still haven't been repaid.)
Molly pointed out that the UK had an economically better position than Germany. That doesn't explain how the war could have been financed without the rather large American loans Keynes came hat in hand to the US to negotiate. (IIRC, they still haven't been repaid.)
All ww1 loans between all countries were suspended in the 1930's.
The US became a financial superpower because of the liquidation of UK assetts during ww1, so if it wasn't for ww1 you would all be speaking Japanese
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