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Britain, overwhelmingly outgunned by Germany and with its own armaments fast dwindling, had run out of cash to buy tanks and ships and planes from the United States. FDR had a plan for that, the Lend-Lease Act: the United States would lend these things to Britain, less a loan or a lease than a gift, in exchange of long-term leases of territory for American military bases.
These Truths: A History of the United States
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