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- 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
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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
Cash and Carry was a policy by US President Franklin Delano Roosevelt announced at a joint session of the United States Congress on … 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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