by Andrew Marshall

What was the Destroyers-for-Bases Deal?

Introduction The destroyers-for-bases deal was an agreement between the United States and the United Kingdom on 02 September 1940, during World War II, according to which 50 Caldwell, Wickes, and Clemson-class US Navy destroyers were transferred to the Royal Navy from the US Navy in exchange for land rights on British possessions. Generally referred to… Read More

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by Andrew Marshall

What was the Anglo-American Loan?

Introduction The Anglo-American Loan Agreement was a loan made to the United Kingdom by the United States on 15 July 1946, enabling its economy in the Second World War to keep afloat. The loan was negotiated by British economist John Maynard Keynes and American diplomat William L. Clayton. Problems arose on the American side, with… Read More