History of Europe

True or false after world war 1 the United States was in debt to European nations?

True.

The United States entered World War I in 1917 and provided significant financial assistance to the Allied Powers, particularly France, Great Britain, and Italy. By the end of the war, the United States had loaned a total of $10.4 billion to the Allies. After the war, the United States continued to provide financial assistance to Europe through various programs, such as the Dawes Plan and the Marshall Plan. As a result, the United States became a creditor nation and Europe became a debtor continent.