Rdodge30
Well-known member
- Dec 30, 2022
- 1,060
At the end of WWII when we agreed the lend-lease liabilities were turned into the anglo-american loan, mainly because we wanted to keep much of what was supposed to be returned (that hadn't been destroyed), the US wrote off a large amount of what the UK could have owed. In effect the US had gifted a large amount that went unpaid to the UK's and other countries war effort.
I don't know the exact figures, I'd have to look them up, but the US shipped something like $30bn (in 1940s money) to the UK under lend-lease with the anglo-american loan which you referred to as the debt we finally repaid in 2006 was $3.75bn. https://history.blog.gov.uk/2020/12...american-financial-agreement-6-december-1945/
and let’s not forget FDR served 4 terms as President
