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to protect American industries from foreign cmpetitors - raised tariff prices. In return foreign nations raise their tarriffs against American goods.
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This first act banned the US from providing wapons to nations at war.
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Second Neutrality Act which banned loans to nations at war.
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Third Neutrality Act permitted trade with fightin nations in non military goods as long as those nations paid in cash and transported the cargo themselves. Known as Cash and Carry Act.
FDR points out that this could lead to more aggression if we dont allow this. -
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Prime Minister Winstin Churchill writes a letter to FDR where hs confesses that his country is near bankruptacy. "The momen approaches that we shall no longer be able to pay cash for shipping and other supplies.
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FDR introduced a bold new plan to keep supplies flowing to Britain whoit any payment in return.
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Congress passes the Lend-Lease Act - Authorized the President to aid any nation whose defense he believed was vital to National Secutirtiy. Gives out more than $49 billion by the end of the war.
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