10. 5 The Lend Lease Act
As the Allies were reaching a financial crisis during the war, America once again entered the scene to help Great Britain. The Roosevelt administration framed the Lend-Lease program in March 1941. By this Bill, the President had the power to "Sell, transfer, title to, exchange, lease, lend or otherwise dispose of" articles of defense to any country whose protection the President thought was of vital importance. The Congress set aside 7 billion dollars to finance the Act. As a famous historian put it: "the lend-lease program converted the nation quite literally into the arsenal of democracy."
EXHIBIT 10.2
The rescue of the Allied troops at Dunkirk
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Table of Contents
10.0 - Chronology of Major Events 10.1 -
America Before The Outbrake Of The Second World War 10.2 -
German Expansion 10.3 -
The US And The War 10.4 -
Departure From Neutrality 10.5 -
The Land Lease Act 10.6 -
The Pearl Harbour Incident 10.7 -
Impact Of The War 10.8 - US Diplomacy During The War 10.9 - Conference At Dumberton Oaks 10.10 - The Yalta Conference 10.11 - Points To Remember
Chapter 11
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