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UK (WW1) - Coggle Diagram
UK
WW1
War Loans
the first Great War Loan
3.5% interest
the second Great War Loan
4% interest
the third Great War Loan
5% interest
Borrowed from US
Tried to avoid full commitment
eventually got -20% reduction
got interest reduced from 5 to 3%
eventually got cleared in 2015 (100 years later)
loaned to allied govs and colonies
at the peak, loans amounted to 45% GDP
loaned 50M to Russia, which went Bolshevik in 1917 (money lost :the_horns:)
Italy also had its debt cut by -50%
debt-to-gdp pre-war <50%
debt-to-gdp post war ~150%
defence expenditures 50% of GDP
Held German reparation bonds (~500M), on which Nazis defaulted