At its peak, the loan rental programs have helped 38 countries with supplies and equipment up to around $ 50 billion – the equivalent of almost $ 700 billion today, taking into account inflation. Great Britain received the lion’s share, and finally only $ 8 billion was really reimbursed, most of them from the United Kingdom and France. In addition, while intact equipment had to be returned under the terms of the agreement, in reality, there was little. Instead, what remained was sold to allies at reduction prices. No price there.
In addition to helping to defeat Nazi Germany, Italy and Imperial Japan of Benito Mussolini, the United States has also received other tangible advantages of these agreements. There have been reversed liability and reciprocal contributions, including candles of mosquito photo aeronian aircraft and aviation activation candles for the flying fortresses of the B-17 of the United Kingdom, India oil products, food for GIS in southern Australia and New Zealand and Joseph Staline provided the United States with the United States with the United States with the United States Chrome, the mineral mineral, the Platinum, the gold and the wood of Joseph Stalin.
However, it was all diminutive on a scale compared to what the Allies obtained from the United States, but it was never the point.
And years later, in 2022, former President Joe Biden cited the Roosevelt program when he signed the Ukraine Democracy Defense Lend-Bail Act law to provide military, economic and humanitarian aid to Ukraine in its defense against Russia.
Trump, however, does not see personal interest by helping the allies, in place of the United States, is safe thanks to “a large and magnificent ocean”. But Roosevelt did not believe that. In a radio program in December 1940, where he presented the idea that America becomes “the great arsenal of democracy”, he warned that the country could not stay away: “Some of us like to believe that even if Great Britain falls, we are still safe, because of the general extent of the Atlantic and the Pacific.” Modern technology, he warned, had already effectively reduced distances through these oceans.
The Roosevelt loan rental agreements provided for reimbursement not in terms of money or returned equipment, but rather required “joint action oriented towards the creation of a liberalized international economic order in the post-war world”.
This is of course not something that would work for Trump – he wants to break the order for which FDR laid the foundations.
Politices
