Lend-Lease

Lend-Lease[EXTRACT]

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This chart shows the relationship in Gross domestic product between the Allied and the Axis during 1938-1945. For more information, see Military production during World War II.

Lend-Lease was a program of the United States Federal government during World War II that enabled the United States to provide the Allied nations with war matériel while the US was still officially a neutral country. The Lend-Lease program began in March 1941, nine months before the US entered the war in December of 1941. It ended suddenly on V-J Day, September 2, 1945.

Contents [hide] 1 Political Background 2 Administration 3 Significance 4 Repayment 5 Quotes 6 US deliveries to USSR 7 See also 8 References 9 External links

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Political Background

The Lend-Lease program came into existence with the passage of the Lend-Lease Act of March 11, 1941, which permitted the President of the United States to "sell, transfer title to, exchange, lease, lend, or otherwise dispose of, to any such government [whose defense the President deems vital to the defense of the United States] any defense article". It thus extended Cash and carry and modified the sense of neutrality. The value of the items to be lent were not to exceed $1,300,000,000 in total. US President