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Their gold had flowed into the U.S. during and immediately after the war in great quantity; they couldn't send more gold without completely ruining their currencies. Historian John D. Hicks describes the Allied attitude towards U.S. loan repayment: "In their view the war was fought for a common objective, and the victory was as essential for the safety of the United States as for their own...
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Historian John D. Hicks describes the Allied attitude towards U.S. loan repayment: "In their view the war was fought for a common objective, and the victory was as essential for the safety of the United States as for their own. The United States had entered the struggle late, and had poured forth no such contribution in lives and losses as the Allies had made...
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