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Documents and Readings in the History of Europe Since 1918
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Historical SummaryTwelve days before Japan signed her surrender papers (see above Document No. 292), President Truman put a stop to lend-lease activities. The unexpected suddenness of the move was a blow to all Allies; to the sensitive and suspicious Russians it was little short of sinister. Between March 1941 and August 1945 the total value of lend-lease aid to foreign countries was $48,500,000,000; reverse lend-lease to the United States was valued at $7,800,000,000. The White House Press Release of August 21, 1945, follows.
World History 295.
The End of Lend-Lease, August 21, 194555
The President has directed the Foreign Economic Administrator to take steps immediately to discontinue all lend-lease operations and to notify foreign governments receiving lend-lease of this action.
The President also directs that all outstanding contracts for lend-lease be canceled, except where Allied governments are willing to agree to take them over or where it is in the interest of the United States to complete them.
The Foreign Economic Administrator furthermore is instructed to negotiate with Allied governments for possible procurement by them of lend-lease inventories now in stockpile and in process of delivery.
If the military needs lend-lease supplies for the movement of troops or for occupation purposes the military will be responsible for procurement.
It is estimated that uncompleted contracts for non-munitions and finished goods in this country not yet transferred to lend-lease countries amount to about 2 billion dollars and that lend-lease supplies in stockpile abroad amount to between 1 and 1½ billion dollars.
55 United States, Department of State Bulletin, Government Printing Office, Washington, 1945, vol. XIII, p. 284.
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Chicago: "The End of Lend-Lease, August 21, 1945," Documents and Readings in the History of Europe Since 1918 in Documents and Readings in the History of Europe Since 1918, ed. Walter Consuelo Langsam and James Michael Egan (Chicage: Lippincott, 1951), 1031. Original Sources, accessed November 21, 2024, http://originalsources.com/Document.aspx?DocID=CUIP42RVVRJB96Z.
MLA: . "The End of Lend-Lease, August 21, 1945." Documents and Readings in the History of Europe Since 1918, in Documents and Readings in the History of Europe Since 1918, edited by Walter Consuelo Langsam and James Michael Egan, Chicage, Lippincott, 1951, page 1031. Original Sources. 21 Nov. 2024. http://originalsources.com/Document.aspx?DocID=CUIP42RVVRJB96Z.
Harvard: , 'The End of Lend-Lease, August 21, 1945' in Documents and Readings in the History of Europe Since 1918. cited in 1951, Documents and Readings in the History of Europe Since 1918, ed. , Lippincott, Chicage, pp.1031. Original Sources, retrieved 21 November 2024, from http://originalsources.com/Document.aspx?DocID=CUIP42RVVRJB96Z.
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