USA HISTORY

Detailed explanation-1: -In December 1940, Roosevelt introduced a new policy initiative whereby the United States would lend, rather than sell, military supplies to Great Britain for use in the fight against Germany. Payment for the supplies would be deferred, and could come in any form Roosevelt deemed satisfactory.

Detailed explanation-2: -Passed on March 11, 1941, this act set up a system that would allow the United States to lend or lease war supplies to any nation deemed “vital to the defense of the United States."

Detailed explanation-3: -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.

Detailed explanation-4: -The principal recipients of aid were the British Commonwealth countries (about 63 percent) and the Soviet Union (about 22 percent), though by the end of the war more than 40 countries had received lend-lease help. Much of the aid, valued at $49.1 billion, amounted to outright gifts.

Detailed explanation-5: -On this date, the House of Representatives voted to give final approval to the Lend-Lease Act (H.R. 1776)-authorizing the President to sell, lease, or lend military hardware to any country he designated as vital to American national security.