What Was The Prevailing Economic Challenge The United States Faced At The Start Of World War Ii?

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What Was The Prevailing Economic Challenge The United States Faced At The Start Of World War Ii?

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The United States economy was closely connected to the economies of Europe through loans it made during and after World War I. Germany used its US loans to pay reparations to other European countries. When Germany defaulted, a domino effect occurred: Germany could not pay Britain and France. In turn, Britain and France also defaulted on their loans from the United States. A global economic crisis started to unfold.
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