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History, 01.04.2020 01:26 desireeandrada9

15. The following excerpt is about the Neutrality Act of 1937.

Why was the "Cash-and-Carry" provision important to President Roosevelt?
The Neutrality Act of 1937 did contain one important concession to (President Franklin]
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.
Source: United States Department of State

-It allowed the United States to make loans to countries that were considered allies.

-It allowed the United States to aid France and Britain with little to no financial risk.

-It made it easier to tax luxury goods that Europeans had purchased in America.

-It encouraged European companies to invest in American businesses.

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15. The following excerpt is about the Neutrality Act of 1937.

Why was the "Cash-and-Car...

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