War Debts and Reparations

Archive Report

The indebtedness of foreign nations to the Government of the United States on November 15, 1928 - ten years after the close of the World War - totalled $11,853,406,769. This sum includes both the unfunded foreign debt, with its accrued interest, and the principal to be paid during the next 60 years by the governments that have signed funding agreements with the United States.

The leading foreign debtors of the United States are Great Britain, France, Italy and Belgium. Of the total of loans advanced by this country during the war and after the Armistice, Great Britain received 41.4 per cent; France 32.9 per cent; Italy 16.0 per cent, and Belgium 3.7 per cent. Thus these nations together received 94 per cent of the total ...

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