John Garcia wrote: > > Do you have a link on that. The financial side of the war is the only > > thing I'm not able to find.... Didn't we have a resident expert on the > > WWs on this list? Hey, are you out there? > > > Ask and you shall receive: > > Lend-lease was created in March 1941 because by that time, Great > Britain and the other Allies were running out of funds with which to > purchase weapons and other assistance from the U.S. Nearly 51 billion > US (1940's dollars) was dispensed to over 40 countries including the > Soviet Union (after Hitler attacked.) > That translates to over 600 billion in 1994 dollars (the date of my > reference book). > As for running at a loss, several countries provided the U.S. with what > was called reverse lend-lease, goods, equipment, and in the case of > Great Britain, naval bases. The approximate value of this was about 10 > billion, which leaves a deficit of 41 billion. It is important to > remember that nearly all the money involved was spent in the U.S. > Still, Lend-Lease was as Churchill put it, the most unselfish act of > any country in history.
Thanks for that info. Sonja _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
