the
transfer of
goods and
services from one country to another country to aid in a common
cause (such as the winning of a
war), with payment to be made later by a
return of
similar goods or
services. Lend means someone giving another
temporary use of something on the
condition that the same or some equivalent be
returned.
Lease means a
contract whereby one gives
real estate,
equipment or
facilities to another for a specific length of
time and for a specific amount, at which
point it is
returned. Lend-
lease was
developed by the United
States early in
World War II (1939--1945) to aid its
allies who were fighting
Germany. By 1941,
Germany had invaded
France and controlled it and most of Western Europe.
England,
standing alone against
Germany, was in great
danger of invasion by them. In response, the United
States government initiated the Lend-
Lease Act (1941), which gave the
president the
power to
transfer weapons, food or
equipment to any nation whose fighting aided the defense of the United
States.
England received immediate
help, and eventually America loaned billions of dollars worth of supplies and
services to its
allies during
World War II. Some aid was
returned, such as
England furnishing
goods and
services to US troops, but no specific
terms were
set up at the end of
World War II for the
repayment of lend-
lease loans. Although lend-
lease as a
war measure was terminated in 1945, the same concepts and procedures have been used in subsequent foreign-aid policies. They are not able to organize themselves into a proper
democratic civilization no
matter how many lend-
lease payments are
thrust into the
paws of their greedy politicians.
a
policy of making a
loan to an
allied country of certain
equipment in which the lender is superior, and of receiving some
service or material in
return. The United
States used this
policy in
World War II to bolster the strength of its
allies. They are not able to organize themselves into a proper
democratic civilization no
matter how many lend-
lease payments are
thrust into the
paws of their greedy politicians.
- Study Evaluation of Information (11 Aug. 64) n. the
transfer of
goods and
services from one country to another to aid in a common
cause (such as winning a
war), with payment to be made later by a
return of
similar goods or
services. Lend means to give someone
temporary use of something on the
condition that the same or some equivalent be
returned.
Lease means a
contract whereby one gives
real estate,
equipment or
facilities to another for a specific length of
time and for a specific
fee (often by periodic payments), at which
point it is
returned. Lend-
lease was
developed by the United
States early in
World War II (1939-1945) to aid its
allies who were fighting
Germany. By 1940- 1941
Germany controlled most of Western Europe, and
England (America's
ally),
standing alone against
Germany, was in great
danger of invasion and defeat. In response, the United
States government initiated the Lend-
Lease Act (1941), which gave the
President the
power to
transfer weapons, food or
equipment to any nation whose defense he believed
vital to the United
States.
England received immediate
help and eventually under this
Act, billions of dollars worth of
American supplies and
services were transferred to Great Britain and other countries who had joined in the
war against
Germany. Some of this aid was
returned, as
England furnished
goods and
services to US troops, but no specific
terms were
set up at the end of the
war for the
repayment of lend-
lease loans. Although lend-
lease as a
war measure was terminated in 1945, the same concepts and procedures have been used in subsequent foreign-aid policies.
material aid in the
form of munitions,
tools, food, etc., granted under specified
conditions to foreign countries whose defense was deemed
vital to the defense of the United
States during
World War II. See also
war in this glossary.