This book, first published in 1986, examines the American economic aid that was a vital factor in enabling Britain’s success in the Second World War. Whilst Lend-Lease did keep the British war effort alive, the agreement was always a source of great friction between the two countries. This book argues that although Lend-Lease solved Britain’s wartime supply problems, the price was the acceptance of a series of burdens that seriously aggravated the country’s long-term economic decline.