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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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    What was Cash & Carry?Cash and Carry was a policy by US President Franklin Delano Roosevelt announced at a joint session of the United States Congress on September 21, 1939, subsequent to the outbreak of war in Europe.
    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).
    How did President Roosevelt get a cash-and-carry policy?In 1939, after Germany invaded Poland, Roosevelt bypassed these restrictions by persuading Congress to permit the government to sell military supplies to France and Britain on a cash-and-carry basis—in other words, they could pay cash for American-made supplies and then transport them on their own ships.
    What was the purpose of a cash-and-carry policy?This “cash-and-carry” policy was designed to keep Americans out of the conflict. With a market opening for buyers, American factories increased their production. Unemployment continued to fall, and inflation became a concern. When German forces captured France in June of 1940, Britain appeared on the brink of falling.
     
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    Cash and carry (World War II) - Wikipedia

    Cash and Carry was a policy by US President Franklin Delano Roosevelt announced at a joint session of the United States Congress on September 21, 1939, subsequent to the outbreak of war in Europe. It replaced the Neutrality Act of 1937, by which belligerents could purchase only nonmilitary goods from theSee more

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

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

     
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