This speech formed the basis of a strategic partnership between the United States and Great Britain that became embodied in a declaration known as the Atlantic Charter.
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The Atlantic Charter, drafted during U.S. President Franklin D. Roosevelt's August 1941 meeting with British Prime Minister Winston Churchill on a ship in the North Atlantic, was the most notable precursor to the Bretton Woods Conference.
On 14 August 1941 NS Argentia located in Little Placentia Sound was the site of the Atlantic Conference for the Atlantic Charter, where Winston Churchill and Franklin D. Roosevelt met face to face for the first time since both took office and the start of World War II.