structural:scholar_edition, structural:reformatting
Lend-Lease

In September 1940, the British and American governments concluded the destroyers-for-bases deal, by which 50 American destroyers were transferred to the Royal Navy in exchange for free US base rights in Bermuda, the Caribbean and Newfoundland. An added advantage for Britain was that its military assets in those bases could be redeployed elsewhere. Churchill's good relations with President Franklin D. Roosevelt helped secure vital food, oil and munitions via the North Atlantic shipping routes. It was for this reason that Churchill was relieved when Roosevelt was re-elected in 1940. Roosevelt set about implementing a new method of providing necessities to Great Britain, without the need for monetary payment. He persuaded Congress that repayment for this costly service would take the form of defending the US. The policy was known as Lend-Lease and was formally enacted on 11 March 1941.