What Was the Total Amount of Money France Owed the United States in 1925?
In 1925, France's total debt to the United States stood at $4,137,224,354.57. This substantial sum primarily represented financial obligations incurred by France to the U.S. during and immediately following World War I.
The debt was composed of various components, reflecting different types of financial assistance and transactions between the two nations during that period. Key elements contributing to this total included:
- French obligations under Liberty Loan Acts: These were loans extended to France by the U.S. Treasury, largely to support its war efforts and post-war reconstruction.
- Bonds for surplus war supplies: The U.S. Secretary of War received these bonds from France as payment for surplus war materials. It's noteworthy that interest on these particular war-surplus bonds had been regularly paid.
To illustrate the specific components that formed this significant historical debt, refer to the breakdown below:
| Description | Amount (USD) |
|---|---|
| French obligations received by U.S. treasury under Liberty Loan acts | $2,997,477,800.00 |
| Bonds received by Secretary of War in payment for surplus war supplies | $407,341,145.01 |
| TOTAL FRENCH DEBT TO THE UNITED STATES (CIRCA 1925) | $4,137,224,354.57 |
This figure represents the acknowledged financial obligations of France to the United States as recorded around the mid-1920s.
