TITLE

Britain Can Pay

AUTHOR(S)
Soule, George
PUB. DATE
December 1940
SOURCE
New Republic;12/30/40, Vol. 103 Issue 27, p889
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses various aspects of the proposal of U.S. President Franklin D. Roosevelt to lend arms to Great Britain. Decline in financial resources and purchasing power of Great Britain after its involvement in the Second World War; Challenges posed by the Johnson Act to efforts of Britain to borrow money from the U.S.; Provisions under the cash-and-carry policy of the Neutrality Act regarding dragging the U.S. into a war; Speculation about the utility of the gold received from Britain as payment for debts to the U.S.; Possibility of the U.S. being declared as a belligerent state by German dictator Adolf Hitler.
ACCESSION #
14759291

 

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