History, Events And Facts

The USA Made a Lot of Money From WW2: Britain Only Settled Debts from WWII in 2006 Perhaps there are there few better ways to end a year than by clearing off a long-standing debt. If that is the case, then 2006 was a very good year for the British government who took the ultimate step towards putting an end to six decades of war debts. A statement released by the Treasury disclosed that by the 29th of December 2006, the United Kingdom would have settled all WWII debts owed to both the United States of America and Canada. Settlement of these decades-old debts was meant to be achieved after 50 installments. After some delay, with payments kicking off in 1950, the 50th installment was paid on the last Friday of 2006. Prime Minister Churchill with General Montgomery at the latter’s HQ in Normandy, July 1944. When the Second World War was in full swing, the British government came under heavy financial pressure as hostilities against the Axis raged on. During this period, th...