Washington, D.C. (JFK+50) President John F. Kennedy asked Congress 53 years ago today, March 11, 1961, to appropriate $500 million to promote economic development, social progress and political freedom in Latin America.
JFK hoped through the Alliance to...
"lift the people from poverty and ignorance and despair."
The program required the nations of Latin America to demonstrate that they were making social progress before the aid would be granted.
Fidel Castro was not impressed by the proposal.
"We'll see whether the conscience of Latin America can be bought for $500 million....or whether, as we contend, it cannot be bought at any price."
FDR SIGNED LEND-LEASE 73 YEARS AGO TODAY
Washington, D.C. (JFK+50) President Franklin D. Roosevelt signed "Lend-Lease" into law 73 years ago today, March 11, 1941.
The program was developed by FDR to give aid to Great Britain in her fight for survival against Adolf Hitler's Nazi Germany.
By the terms of the act, the President of the United States was given the power to...
"sell....lease...(or)...lend military resources....deemed...in the interest of the defense of the United States."
FDR used the analogy that when your neighbor's house is on fire you lend him your fire hose to help put the fire out.
By the end of the war, the United States will have provided $50 billion in military assistance to 44 countries.