Comment Re:Last straw? (Score 1) 533
BTW France and the UK never did repay the loans for WWI. They thought that the US was being greedy. I guess 116,000 American lives plus the billions the US spent on a war that had nothing to do with the US was not enough.
That's okay. Eisenhower broke them over the 1956 Suez Crisis. The UK, in particular, was taught a hard lesson about its new role in the world.
Interestingly, the major point of leverage against the UK was their debt held by the US government. Ike threatened to dump their debt, which would have destroyed their currency.