British Industry and US–UK Economic Diplomacy During the Second World War
Economic diplomacy was a central feature of the relationship between the United States and Great Britain that developed throughout the Second World War. Underpinning this diplomacy were negotiations concerning the aid provided by the US to support the British war effort. Commonly known as Lend-Lease, this financial support developed from its beginnings in March 1941 to entail a vast bureaucracy and an aid package totalling $27 billion by the end of the war.1 From the very outset of the conflict, the American and British Governments were also concerned with the nature of the global economy that would take shape following the cessation of hostilities.
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