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TrevMUN
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... Which is a [[SarcasmMode lovely combination]] of TheThemeParkVersion and DidNotDoTheResearch, all designed to [[WikiSchizophrenia downplay]] the fact that Brits are every bit as capable of their own \
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... Which is a [[SarcasmMode lovely combination]] of TheThemeParkVersion and DidNotDoTheResearch, all designed to [[WikiSchizophrenia downplay]] the fact that Brits are every bit as capable of their own \\\"We Won The War\\\" displays as everyone else. After all, [[PaintTheHeroBlack we can\\\'t have the Americans look like they have a shred of decency]], now can we? Nope! We\\\'ve got to make sure any instance of them helping out another country is framed in heartless exploitation, just short of wanton pillaging!
Here\\\'s the truth behind Blurgle\\\'s CriticalResearchFailure: The United States had, to support Britain and other countries, enacted a number of programs that were, over time, increasingly less about business and more about keeping those countries in the fight.
Initially, Britain had been paying for supplies and war materiel from the United States via \\\'\\\'\\\'\\\"Cash and Carry,\\\"\\\'\\\'\\\' something that was mandated by America\\\'s Neutrality Acts imposed in the 1930s before Nazi Germany began making its moves. Under Cash and Carry, Britain had to pay for the supplies with their equivalent price in gold.
In 1940, the United States sent 50 destroyers to the British and Canadian navies in exchange for the right to build naval and air bases in seven or nine areas in the American continents in what is known as the \\\'\\\'\\\'Destroyers for Bases Agreement\\\'\\\'\\\'.
By March 1941, Cash and Carry was replaced with the \\\'\\\'\\\'Lend-Lease Act\\\'\\\'\\\', which gave the President the power to \\\"sell, transfer title to, exchange, lease, lend, or otherwise dispose of\\\" supplies and war materiel to other governments if the President felt it was in the best interest of national security. This system wasn\\\'t just extended to the British, but also to the French, China, the Soviet Union and other allied nations.
So if Lend-Lease wasn\\\'t even a loan, then what was Blurgle talking about? He \\\'\\\'might\\\'\\\' have been talking about the \\\'\\\'\\\'Anglo-American loan\\\'\\\'\\\' that came shortly before the war\\\'s end; in the same month of Japan\\\'s surrender (September 1945), the U.S. government terminated the Lend-Lease program. Britain still had need of the materiel that was in transit to the country at the time, especially since much of its economy had been retooled for war, and the goods being sent out by the Lend-Lease program in its latter years were mostly logistical.
The Anglo American loan was meant to pay for the remaining supplies. The agreement allowed Britain to purchase the supplies at \\\'\\\'\\\'10% of their value\\\'\\\'\\\', for which the British would remit payment over 50 years with a 2% interest. That\\\'s right, \\\'\\\'2% interest.\\\'\\\' It didn\\\'t take very long for going market interest rates to \\\'\\\'dwarf\\\'\\\' that number. At the conclusion of payment in 2006, British parliament members considered the loan \\\"very advantageous\\\" for the British.
Of course, Blurgle would be loath to mention something like this if he even knew about it. After all, we can\\\'t mention any details that would mitigate an attempt to vilify the Americans as filthy capitalists, now can we? Thankfully, those details are so numerous that anyone willing to do a little research will realize the truth.
And we\\\'re not even considering the Marshall Plan that came after all this, aren\\\'t we?
Here\\\'s the truth behind Blurgle\\\'s CriticalResearchFailure: The United States had, to support Britain and other countries, enacted a number of programs that were, over time, increasingly less about business and more about keeping those countries in the fight.
Initially, Britain had been paying for supplies and war materiel from the United States via \\\'\\\'\\\'\\\"Cash and Carry,\\\"\\\'\\\'\\\' something that was mandated by America\\\'s Neutrality Acts imposed in the 1930s before Nazi Germany began making its moves. Under Cash and Carry, Britain had to pay for the supplies with their equivalent price in gold.
In 1940, the United States sent 50 destroyers to the British and Canadian navies in exchange for the right to build naval and air bases in seven or nine areas in the American continents in what is known as the \\\'\\\'\\\'Destroyers for Bases Agreement\\\'\\\'\\\'.
By March 1941, Cash and Carry was replaced with the \\\'\\\'\\\'Lend-Lease Act\\\'\\\'\\\', which gave the President the power to \\\"sell, transfer title to, exchange, lease, lend, or otherwise dispose of\\\" supplies and war materiel to other governments if the President felt it was in the best interest of national security. This system wasn\\\'t just extended to the British, but also to the French, China, the Soviet Union and other allied nations.
So if Lend-Lease wasn\\\'t even a loan, then what was Blurgle talking about? He \\\'\\\'might\\\'\\\' have been talking about the \\\'\\\'\\\'Anglo-American loan\\\'\\\'\\\' that came shortly before the war\\\'s end; in the same month of Japan\\\'s surrender (September 1945), the U.S. government terminated the Lend-Lease program. Britain still had need of the materiel that was in transit to the country at the time, especially since much of its economy had been retooled for war, and the goods being sent out by the Lend-Lease program in its latter years were mostly logistical.
The Anglo American loan was meant to pay for the remaining supplies. The agreement allowed Britain to purchase the supplies at \\\'\\\'\\\'10% of their value\\\'\\\'\\\', for which the British would remit payment over 50 years with a 2% interest. That\\\'s right, \\\'\\\'2% interest.\\\'\\\' It didn\\\'t take very long for going market interest rates to \\\'\\\'dwarf\\\'\\\' that number. At the conclusion of payment in 2006, British parliament members considered the loan \\\"very advantageous\\\" for the British.
Of course, Blurgle would be loath to mention something like this if he even knew about it. After all, we can\\\'t mention any details that would mitigate an attempt to vilify the Americans as filthy capitalists, now can we? Thankfully, those details are so numerous that anyone willing to do a little research will realize the truth.
And we\\\'re not even considering the Marshall Plan that came after all this, aren\\\'t we?
