Canadian Mutual Aid

The Oxford Companion to World War II | 2001 | 700+ words | Copyright

Canadian Mutual Aid, the Canadian equivalent of American Lend-Lease, though the proportion of Canada's budget that was allotted to it was very much larger than that allotted by the USA to Lend-Lease. It was the main economic means by which Canada assisted the UK and other Allied countries with foodstuffs, raw materials, and armaments, and followed on its gift of $1 billion to the UK in 1942 to buy supplies from Canada. Started in 1943, the Mutual Aid programme was run by a board which supervised all Allied purchases in Canada bought with Canadian funds. It helped the UK at a time when its gold and dollar reserves were badly depleted. It also sustained Canada's production, which was the basis of the country's wartime prosperity. In 1943 the bulk of $722.8 million went to the UK but the USSR, Australia, China, India, and the British West Indies also benefited. Altogether, the UK received $4 billion from Canada, and a debt of $425 million for the cost of British Empire Air Training Scheme was written off. See also Canada, 2.

Cite this article
Pick a style below, and copy the text for your bibliography.

MLA
Chicago
APA

I. C. B. DEAR and M. R. D. FOOT. "Canadian Mutual Aid." The Oxford Companion to World War II. 2001. Encyclopedia.com. 27 May. 2012 <http://www.encyclopedia.com>.

I. C. B. DEAR and M. R. D. FOOT. "Canadian Mutual Aid." The Oxford Companion to World War II. 2001. Encyclopedia.com. (May 27, 2012). http://www.encyclopedia.com/doc/1O129-CanadianMutualAid.html

I. C. B. DEAR and M. R. D. FOOT. "Canadian Mutual Aid." The Oxford Companion to World War II. 2001. Retrieved May 27, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O129-CanadianMutualAid.html

Learn more about citation styles