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QUESTION

An Economic Bias toward England and France German actions on the high seas did much to draw United States into the struggle, but American economic...

$27 million

Exercise #7

  1. How much [in dollars] did trade increase with the Allies from 1914 to 1916? How much [in dollars] did trade decrease with Germany from 1914 to 1916? How much [in dollars] more did the United States loan England and France than Germany?
  2. In your opinion, was American economic policy truly neutral by 1917?
  3. Can you imagine that the Allies might have difficulty repaying the $2.3 billion in loans if they lost the war? Might that have affected American policy?
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