After three months of rehearsal, the U.S. loan to Britain appeared on the world stage last week. The scattering of angry critics both on Capitol Hill and in Parliament was not likely to hold up its projected run to the year 2000, for the two greatest traders in the world needed each other. The terms meant that they would work in closer economic partnership than ever before.
The war had made Britain a debtor nation; she needed dollars to get back on her feet. To her the $4,400,000,000 loan meant:
ΒΆ No continuing headache on Lend-Lease to vex future relations. The U.S. canceled...
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