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The Lend-Lease Act of March 11, 1941, was the principal means for providing U.S. military aid to foreign nations during World War II.he Lend-Lease Act of March 11, 1941, was the principal means for providing U.S. military aid to foreign nations during World War II.
The plan proposed by FDR was to lend-lease or otherwise dispose of arms and other supplies needed by any country whose security was vital to the defense of the United States. In support of the bill, Secretary of War Henry L. Stimson told the Senate Foreign Relations Committee during the debate over lend-lease, We are buying . . . not lending.