End of Lend Lease Forces Cash Basis in World Trade
President Truman ends Lend-Lease on August 21, turning to cash transactions or new loans. Britain faces stark need for US financial aid as Oliver Lyttelton urges sympathetic help while Morrison warns against pressuring American private enterprise. Bevin’s stance signals tight US policy will shape postwar balance and world peace.
MENTIONED IN THIS ARTICLE
New York
Truman
Great Britain
House of Commons
Oliver Lyttelton
Morrison
United States
Britain
Bevin
Labor
Hong Kong
China
Surrender talks reveal Japanese fleet far smaller after battles
At Manila MacArthur headquarters surrender envoys informed American estimates of fleet damage were conservative. Naval and air forces have destroyed all but 55 of Japan's 382 warships, including 26 destroyers 22 submarines and 7 major warships all heavily damaged and unfit for use.
MENTIONED IN THIS ARTICLE
MacArthur
Manila
Midway
Japan
Reconversion delays fuel postwar unemployment fears
Labor groups press Congress after a three month adjournment with AFL and CIO warnings, demanding action on reconversion jobs as the nation faces eight to ten million unemployed after the war. Congress reconvenes September 4 to meet these labor demands.
MENTIONED IN THIS ARTICLE
Congress
AFL
CIO
Federated Pictures
Japan seeks peace talks after unheard of naval disaster
The article notes an unparalleled naval disaster that compelled Japan to ask Russia for negotiations, a move framed as timely and historically unique, occurring well before the advent of atomic bomb knowledge. It highlights the extraordinary scale of the loss and its impact on Japan’s strategic posture.
MENTIONED IN THIS ARTICLE
Japan
Russia
Also Mentioned on This Page
Board of Trade
Churchill
British Empire
Lyttleton
Ski Club
Glacier Springs Bottling Co
Bramble
Mariemont, O
Keilson
Cincinnati, O
Fred Pagels
W. Eighth ST
Ray Keitz
With & Monmouth St
Newport, Ky
Spritz
Sixth Street
Cincinnati, Ohio
Harrison Ave
Becker
Cincinnati
Gahl Shoe CO
Benson
Reading RD
Harry
Sohio Service
Price Hill
Service
J. M. Radel
P.A.C.O
Delhi Road
TRE
Eighth Street
George F. Durban
Florist
Woodburn Ave
Seenck
First National Bank OF
Lockland
William ST
W. Wyominc ST
The
I. V. Sutphin Co
WM. F. Martin
Neave Bldg
H. Eilerman
Pike
Madison Covington, Ky
Monmouth St. Newport, Ky
the Trailmobile Co
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