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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.
It was the name of the program under which the United States of America supplied the United Kingdom, the Soviet Union, China, France and other Allied nations with vast amounts â¦ of war materiel between 1941 and 1945 in return for, in the case of Britain, military bases. In 1941, Congress approved $7 billion for ships,planes and other military to non-Axis countries, was called the Lend-Lease Act.