"There was no doubt last week that the Battle of the Atlantic was on in earnest. Both the British and Germans indicated that still greater shipping losses must follow. The announcement of the successes scored by the German battleships at large in the Atlantic, coming so close on the heels of the passage of the Lend-Lease Bill and President Roosevelt's promise that help would arrive, was undoubtedly timed for its psychological effect both on this side of the ocean and in the Balkans. The Germans wanted to show that American assistance cannot come in time to turn the tide as it did in 1917. They will be certain to do their very utmost to prevent it."
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