Answer:
a) repayment of loans to the United States
Explanation:
The effects of the First World War on the economy are subject to multiple controversies because, like all historical and economic analysis, is deeply linked to political ideology. In any case, almost everyone agrees that this caused great impacts that mark the end of an era (undeniable hegemony of Europe), and the beginning of a transition to a new world order that would be consolidated with the Second World War.
In the United Kingdom, and France, the financing of military actions was not covered by ordinary income. The great majority of governments became heavily indebted, until unsuspected extremes until then, resorting to propaganda campaigns of a patriotic nature and strong inflationary pressures were generated. The financial strategy was directed towards the military victory that would be followed by millionaire compensations of the defeated.