the international economic tangle of loans, war debts, and reparations, and indicate how the United States dealt with it

In the 1920s, a complicated tangle of private loans, Allied war debts, and German reparations payments. After World War I was over, the United States had become a creditor nation in the sum of about $16 billion and Britain lost its position as the top lending nation. American investors loaned some $10 billion to foreigners in the 1920s but not as much as the British did during the prewar period. The debt that the US Treasury loaned to the Allies during and after the war totaled to $10 billion. When the US wanted to be paid, the Allies protested that it was unfair that they must repay since they used that loan to purchase America’s goods and war supplies. Moreover, the Allies argued that America’s isolationism made it impossible for them to earn money to pay their debts.
With America pressuring them, Britain and France in turn pressured Germany to pay them for their reparations. However, Germany did not have the income to repay all of its debt and it went crazy to come u...