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The British gave leases on military installations in Great Britain, Bermuda & Newfoundland, hence the name Lend-Lease. As the question implies, the fifty American destroyers were old and obsolete, but they were needed, and one of them was put to good use for the Saint-Nazaire raid. It is endlessly debatable which country got the better end of this deal.

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Q: What did the British give the US in return for the old American destroyers?
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