Why did the US become international creditor from international debtor?
CBSE Class 10
CBSE Class 10 Social
2018-03-06 14:01:58 UTC
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-11
Thus 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.