War Debt Issues

Ambition of the U.S. to defend repayment for cash loans and goods extended to European Allies during and after World War 2. At the start of 1917 the United States began to extend cash and supplies for its European allies. With expanding more than $7 billion in government funds by the time of the armistice in November 1918. In February 1922, congress established the World War Foreign Debt Commission to negotiate repayment plans with the decor nations. The commission eventually concluded 15 agreements that contained terms based upon the debtors' abilities to pay. In aggregate, a final principal amount of $11.5 billion was accepted.