The Lend-Lease program was Franklin Roosevelt’s way to circumvent US laws requiring that all sales to foreign governments be made in cash. Roosevelt strongly believed that the Allied powers needed help. This program was met with skepticism; some of the provisions of the bill permitted the President to shut down strikes. However, Great Britain was grateful, as Churchill had warned Roosevelt he couldn’t come up with cash much longer. The program was designed for Great Britain, but some 40 nations ultimately benefited.
The Lend-Lease program deferred costs of materials needed until the future. Great Britain, for example, was given 50 years to pay off loans made by the US. Many of the “loaned” materials were effectively gifts. Some of the repayment could be met by leasing land to the US for military bases.
Lend-Lease included planes, trucks, food, tanks, and ships which were essential to countries that had to ration their resources and materials due to the war. The shipments from the US allowed countries to meet important needs. Hitler credited Lend-Lease with keeping the Allied powers going when he declared war on the US.
Lend-Lease would become the Marshall Plan after the end of the war. The UK paid off its last installment of Lend-Lease on December 31, 2006.
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