Why did the US become international creditor from international debtor
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US become international creditor for all international debtor because after World War I US economy increase rapidly and European countries are in debt. US earn also from the verssalies treaty.
And after World War II US economy is world great economy. All these things make US international creditor.
And after World War II US economy is world great economy. All these things make US international creditor.
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49
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-11Thus 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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