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What was Cash and Carry (US)?

Introduction Cash and Carry was a policy by US President Franklin Delano Roosevelt announced at a joint session of the United States Congress on 21 September 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 the United States as… Read More

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What was the Anglo-American Loan?

Introduction The Anglo-American Loan Agreement was a loan made to the United Kingdom by the United States on 15 July 1946, enabling its economy in the Second World War to keep afloat. The loan was negotiated by British economist John Maynard Keynes and American diplomat William L. Clayton. Problems arose on the American side, with… Read More