Roosevelt Approves $1 Billion Lend-Lease to Allies
Franklin Delano Roosevelt authorized a staggering $1 billion in Lend-Lease aid to the Allied nations, instantly transforming American industry into the war's logistical backbone. This decisive financial injection allowed Britain and the Soviet Union to sustain their fight against Axis powers without waiting for cash payments, effectively turning the United States into the "Arsenal of Democracy" before its own troops even landed on foreign soil.
October 30, 1941
85 years ago
Key Figures & Places
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