“We lended you $31.4 Billion from March 1941 to August 1945 under Lend-lease. This is during a time when your GDP was $30 Billion in 1939.
35 American escort carriers were transfered from the US Navy to the Royal Navy from November 1942 to August 1944. Bririan only produced 6 escort carriers during the entire war.
We lended another $3.3 Billion to you from 1947 to 1951 to rebuild. Why did we lend you money during a time of need? Was it a mistake?”
Of course it wasn’t a mistake. The US loaned that money and sent that equipment so we could fight our common enemy. It was in America’s interest that we kept fighting and it was a loan, not a gift which we have now repaid with interest. Likewise the UK sent gold and Spitfires to Russia so they could keep fighting, but like you, we did so because it was in our interest to do so.
Lend-lease was a GIFT and I will explain why.
$31.4 Billion of euipment and materials were sent to the UK from the USA under Lend-lease from 11 March 1941 to 29 August 1945. After the war it was decided that the UK would pay some loans to the USA at a 2% interst rate. From 29 August 1945 to 29 December 2006 a toal of $7.5 was paid from the UK to USA inculding interest. The UK only paid for 23% of what it recivied. The rest was written off by USA.