The Allied wars debt being cancelled is considered theoretically desirable due to the U.S. being considered to be repaid already with the borrowed money being spent in America for war materials boosting the U.S. economy, and the war being a common cause giving no one power prosperity from retributions like the U.S., but is considered impossible because of the insurmountable amount needed to be paid; Americas benefits of entering the world war include: gained womans rights, and a creditor nation evolvement. The European countries owing debt to the United States at the time is considered to be a huge hole for the Europeans. In order to get their way out of paying a large ransom of money over to the U.S., they were in need of a plan. They begin standing for their point by stating how they believe repayment has already been made based on the reimbursement of the borrowed money into the U.S.
for goods, resulting in an economic boost for America. The United States felt differently, arguing that the goods being purchased were not given away with money loaned from them. The economic jump was the firepower that could not be argued however, giving the U.S. a much more prosperous outlook disregarding the war debt. The U.S. can be viewed as a power benefiting from this common cause of war.
The Essay on Mexican American War Argument (America Justified)
In 1836, after a deadly war, the Texans successfully gained independence from Mexico and formed the Lone Star Republic. Initially the Texans approached the Union with the hopes of being admitted as a slave state, but the delicate balance in congress between slave and free states would be disturbed by doing so. For this reason, the Lone Star Republic would remain independent for another ...
America is seen by the other European countries as a power profiting from the retributions of the war. They also goes against this idea, saying the war was for a common cause for everyone, not just to provide for a single country. This ideal was supported with the huge economic boom the U.S. experienced during the war and continuing afterwards as well. Especially since America never hit hard due to the oceans in between them and the war, and due to the late entrance of the U.S. The United States still stood for no cancellation, saying those who incur debts should repay them.
There was still a mind blowing number that made this all seem impossible to make even however. The large sum of over 11 billion dollars was to be repaid. Now this large figure is an almost insurmountable climb for a war fought country. So the U.S., being as brilliant as they are, came up with a plan that spread the pay over 62 years with interest rates averaging slightly above two percent. If paid in fully, the sum would come to $22 billion in repayment. This made the Allied war debts seemingly impractical.
The U.S. received much out of the world war. The women of our country began to obtain work on railroads and in factories when the men left, showing their abilities as normal human beings. They started to show their talent and skill from day to day, impressing bosses. This opportunity opened the door for women, providing them some equality in the work place even when the men returned. The women were working for the a Nation of great credit. America became a creditor nation during the war, needing pay for war debts.
This wouldve been a huge money make for the U.S. with interest playing a roll in the payment over time. However, the payments were never made, and became cancelled after more time had passed. This was a huge boost for the European countries needing to pay off this liability at that time. This left to rebuild their countries without a large debt figure over their head. The debate over the cancellation of Allied debts did not fall in the favor of the U.S.
The Essay on Cold War: Cuba and Latin America
There were several motivations for United States policy in Latin America during the 1950’s and the 1960’s. Some of these motivations included the applying of the policy of containment in Latin American to stop the spread of communism. Another motivation was to stop the growing alliance between Cuba and the Soviet Union. All of these motivations were set in place to avoid the development of a ...
at the time, leaving countries to pass with reasons of U.S. already repaid with borrowed money being spent in America boosting the U.S. economy, and the war being a common cause for everyone as a whole. This was enough to permit the erasing of the Allied payments. The United States did acquire something out of the war such as steps in womens equality, and becoming a creditor nation. These were enough to persuade a person to believe gains were brought out of the World War..
