POLICIES & PRINCIPLES: New Instrument

POLICIES & PRINCIPLES

Lend-Lease's dramatic end (see NATIONAL AFFAIRS) brought home to the world as nothing else had the very junior status of Britain in her partnership with the U.S.

Just before the Lend-Lease blow fell, London's New Statesman and Nation (close to the Labor Government) observed: "British policy is limited by two factors—the American control of the technological processes concerned with the production of the atomic bomb and the complete dependence during this transition period of Britain's economy on American financial aid."

What this might mean in Big Power relations became apparent last week when the British speculated on whether their lend-leaseless...

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