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The European Allies Were Able to Finance Their Costly War

Question 58

Multiple Choice

The European Allies were able to finance their costly war effort during the period of American neutrality mainly because of


A) confiscation of German property.
B) income taxes.
C) tariffs.
D) sale of armaments to the United States and Russia.
E) American bankers, most notably the Wall Street firm of J.P. Morgan and Company.

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