Word: lende
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Dates: during 1940-1949
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Rapprochement. The war and the accidents of politics brought Franklin Roosevelt and Walter George together again. When Nevada's Senator Key Pittman died in November 1940, Walter George became chairman of the Foreign Relations Committee. He worked hard for revision of the Neutrality Act and Lend-Lease...
Reasons for the cataract of oversubscriptions were varied, some good, some dubious: 1) banks and investors had become at least temporarily reconciled to the present interest rate; 2) Government borrowings have fantastically increased the banks' capacity to lend; 3) in order to get the amount of notes they actually wanted, banks and investors subscribed for more than they expected to get, thus inflating the size of the oversubscription...
...Stopping of Lend-Lease aid to Turkey, curtailing of the purchase of Turkish exports (some of which Britain has been taking at a loss) might be a fatal blow to Turkey's precarious economy...
Pepper, long a New Deal spokesman, is also noted for the pronounced internationalism of his political views. He led the Senatorial fight for the passage of the Lend-Lease and Selective Service acts and was an ardent, interventionist before Pearl Harbor...
Stated simply: Lend-Lease as I see it is simply a gigantic socialist production-for-use program, the control of the means of production being held in the hands of the industrialists and not the workers; any other plan for postwar reconstruction-short of Socialism-not based upon this principle will fail, and we will begin to plow food under and kill cattle to keep the price up while the people starve...