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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Anglo-American Loan Agreement was a post World War II loan made to the United Kingdom by the United States on 15 July 1946, and paid off 29 December 2006. The loan was negotiated by John Maynard Keynes on behalf of the United Kingdom from the United States and Canada at the end of World War II. The loan was made primarily to support British overseas expenditure in the immediate post-war years and to implement the Labour government's welfare reforms. British…mehr

Produktbeschreibung
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Anglo-American Loan Agreement was a post World War II loan made to the United Kingdom by the United States on 15 July 1946, and paid off 29 December 2006. The loan was negotiated by John Maynard Keynes on behalf of the United Kingdom from the United States and Canada at the end of World War II. The loan was made primarily to support British overseas expenditure in the immediate post-war years and to implement the Labour government's welfare reforms. British treasury officials initially believed they could implement the Labour government's domestic reforms without the loan if Britain withdrew from all major overseas commitments. but in reality had to channel vast sums to bolster social experiments such as the welfare state and the National Health Service (NHS). Britain's lend-lease balance was written off for $650 million (US$7,933 million in 2011).