Word: lents
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Since war's end, the U.S. has given or lent France a total of $10.5 billion. This comes to $3,000,000 a day, every day, for nearly nine years. To show for this, France has all those things that the Mutual Security Agency is justifiably proud of helping rebuild: a humming industry, a well-tended countryside that, to drive through, seems to glow with prosperity. Yet Premier Laniel's government faces a deficit of more than 600 billion francs-$1.7 billion. France owes her European neighbors $824 million; her reserves of gold and foreign currency are down...
...During the Depression, it lent and invested $4.8 billion in 26,663 banks and other financial institutions to keep them from going under, lent another $1.2 billion to railroads...
...host of Government agencies which have since gone their own ways, including: the Federal National Mortgage Association ("Fannie Mae"); Commodity Credit Corp., through which RFC lent $1.5 billion to farmers during the Depression; the Export-Import Bank; the Rural Electrification Administration...
...During World War II, RFC invested and lent more than $9 billion to build 2,000 war plants, including a synthetic rubber industry, the Geneva steel plant in Utah, the Willow Run bomber plant, the Big Inch and Little Inch pipelines. It spent another $2 billion on raw materials to keep them out of Axis hands, spent $2.8 billion stockpiling strategic metals and minerals...
Installment credit, which accounts for $20 billion of the $27 billion of consumer credit, has grown from $87 a family in 1946 to $305. Almost half of the total has been lent on automobiles alone. About two out of three new autos are bought on credit; more than 65% of all used-car purchases are made on an installment plan. While more than half the nation's families are in debt to some extent, most of them manage to keep their installment debts below 10% of their annual earnings. But one in every ten U.S. families actually owes...