WORLD HISTORY

WORLD WAR I

CONSEQUENCES OF WORLD WAR I

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What country did the US have close economic ties with at the start of World War I?
A
Germany
B
Serbia
C
Great Britain
D
Mexico
Explanation: 

Detailed explanation-1: -The total value of U.S. exports grew from $2.4 billion in 1913 to $6.2 billion in 1917. Most of that went to major Allied powers like Great Britain, France, and Russia, which scrambled to secure American cotton, wheat, brass, rubber, automobiles, machinery, wheat, and thousand of other raw and finished goods.

Detailed explanation-2: -Trade with England and France more than tripled between 1914 and 1916, while trade with Germany was cut by over ninety percent. It was this situation that prompted submarine warfare by the Germans against Americans at sea.

Detailed explanation-3: -The US had a vested financial interest in the outcome of the war in Europe. American businesses and banks made huge loans to the Allies. If they didn’t win then they were unlikely to get their money back.

There is 1 question to complete.