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01-10-2020
History

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What was the effect of the war on debt in England?

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01-10-2020

Answer:

By the end of the conflict Britain debt exceeded 200 percent of GDP, as it had done after the end of the Napoleonic Wars. As during world War 1, the US again provided the major source of funds this time via low interest loans and also through the Lend Least Act.

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