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Danieru | 1 year ago
The UK paid the US all it's gold reserves. Next it stole of the UK people's gold to use that to buy weapons.
The US was not giving the UK when it exported, it was selling. Lend lease came in once the UK ran out of gold. So the US gave them credit: which the UK tool until 2006 to repay.
Hikikomori|1 year ago
geye1234|1 year ago
The US joined WW1 when it became clear that the UK would not be able to repay its debt to JP Morgan and its clients if Germany won. Of course, that was not the only reason, but it was a huge factor. (Source: Adam Tooze, The Deluge)
(London had, bizarrely, decided to bankroll the Russian and French war efforts in addition to its own, so its debts were vast.)