March 11th, 1941: America signed the Lend-Lease Act. What did it do?

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Explanation:

President Roosevelt signed the Lend-Lease bill into law on March 11, 1941. It permitted him to "sell, transfer title to, exchange, lease, lend, or otherwise dispose of, to any such government whose defense the President deems vital to the defense of the United States any defense article

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