______ was the money lender of the world at the end of first world war
Answers
Answer: America was the money lender of the world at the end of first world war
THE UNITED STATES was the money lender of the world at the end of first world war.
Explanation: When World War I broke out, the US became a global lender, and by the end of the conflict, it had displaced London as the financial capital of the world. Regrettably, the government has opted to bind the banking sector with some unusual restraints. It demanded that all debtor countries repay their war loans—which had previously been waived, especially in the case of allies—before any American institution would lend them money.
This hindered global trade and made many countries unfriendly to American products. The already slow global economy was wiped out when the stock market fell on Black Tuesday in 1929. Between 1930 and 1933, the Federal bank was unable to contain the damage, resulting in 9,000 bank bankruptcies