Destroyers-For-Bases Agreement, 1940
   The Destroyers for-Bases Agreement was an agreement signed in September 1940 by President Franklin D. Roosevelt and British prime minister Winston Churchill granting the United States 99-year rent free leases on naval and air bases on British possessions in the Caribbean in return for 50 out-of-service destroyers. The agreement indicated the growing support for Britain by the Roosevelt administration and angered some isolationists. It was justified on the grounds that it strengthened U.S. security.

Historical Dictionary of the Roosevelt–Truman Era . . 2015.

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