question_answer

How World War I led to the snapping of economic links between some of the world's largest economic powers?

Answer:

                (i) During the war, British needed to borrow large sums of money from US banks as well as the US public. (ii) This war transformed the US from being an international debtor to an international creditor. (iii) At the war's end, the US and its citizens owned more overseas assets than foreign government and the citizens owned in the US.