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  2. The Neutrality Act of 1937 did contain one important concession to Roosevelt: belligerent nations were allowed, at the discretion of the President, to acquire any items except arms from the United States, so long as they immediately paid for such items and carried them on non-American ships—the so-called “cash-and-carry” provision.
    history.state.gov/milestones/1921-1936/neutrality-acts
    history.state.gov/milestones/1921-1936/neutrality-acts
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    How did the Neutrality Act affect the sale of arms?A “cash-and-carry” provision in the Neutrality Act that Congress had added in 1937 permitted the sale of arms to European warring parties as long as they crossed the Atlantic on their own ships and paid for them at once in cash.
    What did the 'cash and carry' legislation do?The "cash and carry" legislation enacted in 1939 effectively ended the arms embargo that had been in place since the Neutrality Act of 1936, and paved the way for Roosevelt's Lend-Lease program. ^ Brinkley, Alan (2012).
    What were the Neutrality Acts?The Neutrality Acts were a series of laws enacted by the United States government between 1935 and 1939 that were intended to prevent the United States from becoming involved in foreign wars.
    How did the Neutrality Act affect munitions sales?Just three days after the Neutrality Act was amended to allow cash and carry sales, the British government set up the British Purchasing Commission in New York City to expedite sales of American-made munitions for immediate export to Europe. British soldiers stack crates of TNT gunpowder in an ammo dump in the tunnel in western England.
     
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    It replaced the Neutrality Act of 1937, by which belligerents could purchase only nonmilitary goods from the United States as long as the recipients paid immediately in cash and assumed all risk in transportation using their own ships. See more

    Background
    Because of the conclusion of the Nye Committee, which asserted that United States involvement in World War I was driven by private … See more

    • Bailey, Gavin J. (2013). The Arsenal of Democracy: Aircraft Supply and the Evolution of the Anglo-American Alliance, 1938-1942. Edinburgh: Edinburgh University Press. See more

     
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