LEND-LEASE: After $40 Billion Worth

For almost an hour President Truman listened hard to the arguments for extension of Lend-Lease. There were reasons for an immediate decision: 1) China had made a formal request for extension, and its Premier Dr. T. V. Soong was waiting on the doorstep (see FOREIGN NEWS); 2) Charles de Gaulle, reaching the door step this week, would doubtless bring up the question; 3) Britain, normally the best U.S. customer, could not buy heavily in the U.S. market without help in putting its own economy in order; 4) Russia, potentially a good customer, had already asked for $6 billion...

Want the full story?

Subscribe Now


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!