Economic Developments: How WWI changed America's Position in the world Flashcards
1
Q
Was the USA a debtor nation in the late 1800s?
A
Yes
2
Q
What event was able to help the USA have more net exports than imports?
A
WWI
3
Q
What was the financial situation for many European Nations in relation to America by the end of WWI?
A
They were all in debt to America
4
Q
What would it mean if all of the most powerful European nations were in debt to America?
A
It would mean that America had a good opportunity to steal lots of their trade
5
Q
Why would the debt trap for European nations to the USA be significant in the long term?
A
It set the USA up to become the most powerful country in the Western World
