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Q.

From which of the following countries did Britain borrow large sums of money during the First World War?


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a

United States of America

b

Russia

c

Japan

d

Germany  

answer is A.

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Detailed Solution

Britain borrowed a significant amount of money from US institutions and citizens during the First World War. This was done to provide the nation with money for things like food, military equipment and other necessities. As a result, the US became a global creditor. Industries underwent a reorganisation to create items during the war, and Britain needed to finance these industries to produce more war-related products.
 
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