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Cash and Carry

By samdeg
  • The Nye Committee Ruling

    The Nye Committee Ruling
    The Nye Committee found ample evidence that the armaments industry profited handsomely from World War I, though it found little support for the theory that the industry had conspired to draw the nation into war. It found that bankers had pressured Wilson to intervene in the war in order to protect their loans abroad. Also, the arms industry was at fault for price-fixing and held excessive influence on American foreign policy leading up to and during World War I.
  • The Neutrality Acts

    The Neutrality Acts
    On August 31, 1935, Congress passed the first Neutrality Act prohibiting the export of “arms, ammunition, and implements of war” from the United States to foreign nations at war and requiring arms manufacturers in the United States to apply for an export license. Between 1935 and 1937 Congress passed three "Neutrality Acts" that tried to keep the United States out of war, by making it illegal for Americans to sell or transport arms, or other war materials.
  • Start of WWII

    Start of WWII
    World War II began in Europe on September 1, 1939, when Germany invaded Poland. Great Britain and France responded by declaring war on Germany on September 3.
  • Destroyers for Bases

    Destroyers for Bases
    The destroyers-for-bases deal was an agreement between the United States and the United Kingdom on September 2, 1940, according to which 50 Caldwell, Wickes, and Clemson-class US Navy destroyers were transferred to the Royal Navy from the US Navy in exchange for land rights on British possessions.
  • Hemispheric Defense Zone

    Hemispheric Defense Zone
    Roosevelt set up the idea of a hemispheric defense zone. Roosevelt said that the entire western half of the Atlantic was part of the Western Hemisphere and was therefore neutral. He ordered the navy to patrol the western Atlantic and point out the location of German submarines to the British. To prevent the establishment of enemy bases remained the essence of hemisphere defense during the prewar period of American military preparation from late 1938 to December 1941.
  • Lend-Lease Act

    Lend-Lease Act
    The Lend-Lease Act, approved by Congress in March 1941, had given President Roosevelt virtually unlimited authority to direct material aid such as ammunition, tanks, airplanes, trucks, and food to the war effort in Europe without violating the nation's official position of neutrality.
  • The Atlantic Charter

    The Atlantic Charter
    The Atlantic Charter was a joint declaration released by U.S. President Franklin D. Roosevelt and British Prime Minister Winston Churchill on August 14, 1941 following a meeting of the two heads of government in Newfoundland. The Atlantic Charter provided a broad statement of U.S. and British war aims.
  • Pearl Harbor Attack

    Pearl Harbor Attack
    On the morning of December 7, 1941, Japan attacked the US naval base at Pearl Harbor, Hawaii. The surprise attack by some 350 Japanese aircraft sunk or badly damaged eighteen US naval vessels, including eight battleships, destroyed or damaged 300 US aircraft, and killed 2,403 men.