FOREIGN RELATIONS: Tide into Torrent

Lend-Lease is not a loan of money. Nor has it even been an act of charity. [It] was undertaken for the defense of this country and has been carried out in the interests of the U.S. people.

So said silver-haired Lend-Lease Administrator Edward R. Stettinius Jr. this week as he submitted to Congress the first fully documented overall report on Lend-Lease operations. In the 21 months since its beginning in March 1941, the report showed, the total value of Lend-Lease expenditures in goods and services to 30 of the United Nations was...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!