JoeB131
Diamond Member
Most of the spending came from France and the UK. The UK expended its entire gold reserve buying equipment from the USA.
Except France was out of the war by 1940... The UK had to be LOANED money to keep fighting the war. (Including being leased 50 obsolete US Destroyers.)
Look, man, here's a reality. The US has never gotten out of a Recession or a Depression without a massive influx of government spending. It just doesn't happen.
After the fall of Holland, the DEI was spending money like water trying to prepare a defense force against the Japanese who it knew was coming. It bought over a hundred Buffalos,
You realize the Buffalo was pretty much obsolete by 1940 and the US was selling them off as surplus, right? This was not a game changer for the economy.