Lend-Lease Act
- A law that allowed the president to provide aid to any country whose defense was considered crucial for the United States' well-being. The repayment could be in the form of goods, property, or other benefits considered adequate by the president. Primary beneficiaries during World War II were the British Commonwealth countries and the Soviet Union, among many others. The total aid amounted to $49.1 billion, with much of it being outright gifts. A part of the Lend-Lease program costs was offset by a reverse action, in which Allied nations provided about $8 billion in support to U.S. troops stationed in their countries. The Act ceased to exist following World War II's end
- The Lend-Lease Act was a major resource of aid for the UK during World War II.
- Under the Lend-Lease Act, the US provided significant assistance to countries critical to its defense.
- Following World War II, the Lend-Lease Act ceased to be in effect.
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