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GENG Zhi: Reverse Lend-Lease Aids to the United States from the United Kingdom and its Settlement (1941-1946)
June 3, 2024  

Abstract:

During the Second World War, the United Kingdom government provided reverse lend-lease aids, mainly consisted of munitions, goods, services, and such as information and technology of military, to the United States while she obtained the aids of lend-lease from the latter. Reverse lend-lease aids from the British, promoted the “special relations” between the U.K. and the U.S., was being one of best examples of reciprocal aids to the U.S. from other Allies. According to Mutual Aid Agreement of February 23,1942,the U.K. Government will provide the U.S. such articles, services, facilities or information as it may be in a position to supply while minimizing currency settlement as much as possible, the U.S. Government will use these as a deduction when liquidating its lend-lease aids to the U.K.. In the early post-war, after the deduction and without including the net value of MYM16 billion for what was consumed, lost, and destroyed, the U.K. Government paid MYM650 million in credit from the U.S. to offset the MYM6.03 billion worth of the U.S. lend-lease aids. Nevertheless, the negotiations of mutual aids and its settlement between the U.K. and U.S., during and after the War, fully revealed that the U.S. pursuing of the long-term interests through the lend-lease, and the U.K. not but coming to terms of the American policies for the survival of wartime and the postwar reconstruction.

Keyword:reverse lend-lease; lend-lease; settlement; relations between the U.K. and the U.S.; World War Two;

Published on Historical Research in Anhui, Issue 3 2024.

   

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