Definitions for lend-lease
lend-lease

Princeton's WordNetRate this definition:0.0 / 0 votes

1. lend-lease, lease-lendnoun

   the transfer of goods and services to an ally to aid in a common cause

   "lend-lease during World War II was extremely generous"

WikipediaRate this definition:0.0 / 0 votes

1. Lend-Lease

   Lend-Lease, formally the Lend-Lease Act and introduced as An Act to Promote the Defense of the United States (Pub. L. 77–11, H.R. 1776, 55 Stat. 31, enacted March 11, 1941), was a policy under which the United States supplied the United Kingdom, the Soviet Union, France, China, and other Allied nations with food, oil, and materiel between 1941 and 1945. The aid was given for free on the basis that such help was essential for the defense of the United States. The Lend-Lease Act was signed into law on March 11, 1941, and ended on September 20, 1945. A total of $50.1 billion (equivalent to $719 billion in 2021) worth of supplies was shipped, or 17% of the total war expenditures of the U.S. In all, $31.4 billion went to the United Kingdom, $11.3 billion to the Soviet Union, $3.2 billion to France, $1.6 billion to China, and the remaining $2.6 billion to other Allies. Roosevelt's top foreign policy advisor Harry Hopkins had effective control over Lend-Lease, making sure it was in alignment with Roosevelt's foreign policy goals.Materiel delivered under the act was supplied at no cost, to be used until returned or destroyed. In practice, most equipment was destroyed, although some hardware (such as ships) was returned after the war. Supplies that arrived after the termination date were sold to the United Kingdom at a large discount for £1.075 billion, using long-term loans from the United States, which were finally repaid in 2006. Similarly, the Soviet Union repaid $722 million in 1971, with the remainder of the debt written off. Reverse Lend-Lease to the United States totalled $7.8 billion. Of this, $6.8 billion came from the British and the Commonwealth. Canada also aided the United Kingdom and other Allies with the Billion Dollar Gift and Mutual Aid totalling $3.4 billion in supplies and services (equivalent to $61 billion in 2020) .Lend-Lease effectively ended the United States' pretense of neutrality which had been enshrined in the Neutrality Acts of the 1930s. It was a decisive step away from non-interventionist policy and toward open support for the Allies. Lend-Lease's precise significance to Allied victory in WW2 is debated. However, Soviet Premier Nikita Khrushchev and Soviet Marshal Georgy Zhukov both stated that Lend-Lease enabled the Soviet Union to defeat Germany on the Eastern Front.

ChatGPTRate this definition:0.0 / 0 votes

1. lend-lease

   Lend-Lease refers to a program mandated by the U.S. government during World War II, allowing the provision of war supplies to allied nations on credit or without requiring immediate payment. The program was aimed to help nations fight against the Axis powers without violating the U.S. policy of neutrality. These supplies included food, machinery, and various services. After the war, repayment was to be made either in kind or property, or by sharing beneficial war-related developments.

WikidataRate this definition:0.0 / 0 votes

1. Lend-Lease

   Lend-Lease was a program under which the United States supplied Great Britain, the USSR, Republic of China, Free France, and other Allied nations with materiel between 1941 and August 1945. It was signed into law on March 11, 1941, a year and a half after the outbreak of World War II in Europe in September 1939. This was nine months before the U.S. entered the war in December 1941. Formally titled An Act to Further Promote the Defense of the United States, the Act effectively ended the United States' pretense of neutrality. A total of $50.1 billion worth of supplies were shipped. That represented 17% of the total war expenditures of the U.S. In all, $31.4 billion went to Britain, $11.3 billion to the Soviet Union, $3.2 billion to France, $1.6 billion to China, and smaller sums to other Allies. Reverse Lend-Lease comprised services such as rent on air bases that went to the U.S., and totaled $7.8 billion; of this, $6.8 billion came from the British and the Commonwealth. The terms of the agreement provided that the material was to be used until time for their return or destruction. In practice very little equipment was returned. Supplies that arrived after the termination date were sold to Britain at a large discount for £1.075 billion using long-term loans from the United States. Canada operated a similar program called Mutual Aid that sent a loan of $1 billion and $3.4 billion in supplies and services to Britain and other Allies. The United States did not charge for aid supplied under this legislation.

Matched Categories

1. • Transfer

How to pronounce lend-lease?

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Numerology

1. Chaldean Numerology

   The numerical value of lend-lease in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of lend-lease in Pythagorean Numerology is: 5

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=lend-lease
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Lend-Lease
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=lend-lease