Lend‐Lease Act and Agreements
Signed into law on 11 March 1941, Lend‐Lease permitted the president to “sell, transfer title to, exchange, lease, lend, or otherwise dispose of” defense articles to “any country whose defense the President deems vital to the defense of the United States.” Congress initially appropriated $7 billion, with a total expenditure of more than $50 billion by the end of World War II. The British received the lion's share, $31.6 billion in Lend‐Lease aid. After the German invasion of the Soviet Union in June 1941, Roosevelt provided Lend‐Lease to the USSR, $11 billion, without which “the war would have been lost,” as Josef Stalin admitted. That “most unsordid act,” as Winston S. Churchill called Lend‐Lease, turned the United States into the “arsenal of democracy” that forged victory in World War II.
[See also Isolationism; World War II: Military and Diplomatic Course.]
Warren F. Kimball , The Most Unsordid Act: Lend‐Lease, 1939–1941, 1969.
J. Garry Clifford
"Lend‐Lease Act and Agreements." The Oxford Companion to American Military History. . Encyclopedia.com. (October 17, 2018). http://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/lend-lease-act-and-agreements
"Lend‐Lease Act and Agreements." The Oxford Companion to American Military History. . Retrieved October 17, 2018 from Encyclopedia.com: http://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/lend-lease-act-and-agreements
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