Why did America ally France?

Why did America support France?

Americans hoped for democratic reforms that would solidify the existing Franco-American alliance and transform France into a republican ally against aristocratic and monarchical Britain.

Did America ever pay back France?

In 1795, the United States was finally able to settle its debts with the French Government with the help of James Swan, an American banker who privately assumed French debts at a slightly higher interest rate. Swan then resold these debts at a profit on domestic U.S. markets.

Why did America not help France?

Because of its own claims for neutrality, America could not close its ports to France without appearing to side with Britain. Therefore, even though France was taking advantage of the situation by using American ports to help fight its war against Britain, America was in a difficult place.

Would the US have won without France?

It is highly improbable that the United States could have won its independence without the assistance of France, Spain, and Holland. Fearful of losing its sugar colonies in the West Indies, Britain was unable to concentrate its military forces in the American colonies.

Why did the French ally with the colonies?

American colonists hoped for possible French aid in their struggle against British forces. … When news of the Declaration of Independence and the subsequent British evacuation of Boston reached France, the French Foreign Minister Charles Gravier (Comte de Vergennes) decided in favor of an alliance.

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Does the UK still owe America money?

On 31 December 2006, Britain made a final payment of about $83m (£45.5m) and thereby discharged the last of its war loans from the US. … Much of this was held in foreign hands, with around £3.4 billion being owed overseas (mainly to creditors in the United States), a sum which represented around one third of annual GDP.

How much did France owe us after WWI?

Had the franc not been stabilized in this and neutral countries during 1917–18 the amount of the French debt to the United States would have been considerably increased.

Losses to the United States.

Losses on imports from neutrals $350,000,000 to $400,000,000
Overpayments for imports from France 40,000,000

Does France owe the United States money?

European belligerents had financed the conflict through loans, mainly from the United States, and as a result France owed the United States 4,137,224,354 dollars, about 80% of it directly to the U.S. Treasury and the rest to American banks.