who did the us lend money to in ww1
Germany
title: World War I text: borrowing heavily from Wall Street. President Wilson was on the verge of cutting off the loans in late 1916, but allowed a great increase in US government lending to the Allies. After 1919, the US demanded repayment of these loans. The repayments were, in part, funded by German reparations that, in turn, were supported by American loans to Germany. This circular system collapsed in 1931 and some loans were never repaid. Britain still owed the United States $4.4 billion of World War I debt in 1934, the last instalment was finally paid in 2015. Macro- and micro-economic consequences devolved from title: Allies of World War II text: were as follows: the Albanian National Liberation Front, the Chinese Red Army, the Greek National Liberation Front, the Hukbalahap, the Malayan Communist Party, the People's Republic of Mongolia, the Polish People's Army, the Tuvan People's Republic (annexed by the Soviet Union in 1944), the Viet Minh and the Yugoslav Partisans. The United States had indirectly supported Britain's war effort against Germany up to 1941 and declared its opposition to territorial aggrandizement. Materiel support to Britain was provided while the U.S. was officially neutral via the Lend-Lease Act starting in 1941. President Franklin D. Roosevelt and Prime Minister Winston Churchill in title: American entry into World War I text: Morgan's bank in New York, was designated as the primary financial agent to the British government in 1914 after successful lobbying by the British ambassador, Sir Cecil Spring Rice. The same bank would later take a similar role in France and would offer extensive financial assistance to both warring nations. J.P. Morgan &Co. became the primary issuer of loans to the French government by raising money from American investors. Morgan, Harjes, the House of Morgan's French affiliated bank, controlled the majority of the wartime financial dealings between the House of Morgan and the French government after primary issuances of debt title: Home front during World War I text: headed for the enemy. Finance was a special challenge. Germany financed the Central Powers. Britain financed the Allies until 1916, when it ran out of money and had to borrow from the United States. The US took over the financing of the Allies in 1917 with loans that it insisted be repaid after the war. The victorious Allies looked to defeated Germany in 1919 to pay "reparations" that would cover some of their costs. Above all, it was essential to conduct the mobilization in such a way that the short term confidence of the people was maintained, the long-term power title: Economic history of World War I text: 200,000 75mm shells a day. The US provided much food, steel, coal and machine tools, and $3.6 billion in loans to finance it all; the British loaned another $3 billion. Considerable relief came with the influx of American food, money and raw materials in 1917. The economy was supported after 1917 by American government loans which were used to purchase foods and manufactured goods. The arrival of over a million American soldiers in 1918 brought heavy spending for food and construction materials. France's diverse regions suffered in different ways. While the occupied area in 1913 contained only 14% of France's