Answer:
(i) World War I led to
the snapping of economic links between some of the world's largest economic
powers which were now fighting each other to pay for them.
(ii) Britain borrowed large sums of money from US banks as
well as from US public.
(iii) Thus the war transformed the US from being an
international debtor to an international creditor.
So, the US and its
citizens owned more overseas assets than foreign governments and citizens owned
in US.
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