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Investing In WW1
“Meanwhile British and French investors were forced by their governments to sell off foreign assets to raise dollars for war purchases, and American investors swooped in to buy up undervalued assets, giving the U.S. even more financial leverage globally: as the total stock of British foreign direct investment around the world fell from £4.26 billion in 1914 to £3.1 billion in 1918, and French FDI fell from 45 billion to 30 billion francs over the same period, American FDI soared from $3.5 billion to $13.7 billion.”
WWI Centennial: Wilson’s “Four Principles,” Broadway Closes