On this day in U.S. History: FDR Signs the Lend-Lease Act on March 11, 1941. The Lend Lease Act states that the U.S. government could lend or lease war supplies, rather than sell. However, the Act further states that these supplies may only be leased to a nation deemed “vital to the defense of the United States.” Most importantly, passage of the Act enabled a struggling Great Britain to … [Read more...]