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Did President Roosevelt wanted a cash and carry agreement with Britain?
Wiki User
∙ 6y ago
Yes. To avoid open US involvement in the early part of World War II, Roosevelt established a "cash and carry" agreement with Britain and other Allies such as China. The US would not engage in shipping war materiel.
The agreement provided capital for businesses still recovering from the Great Depression. However, Allied countries soon ran short of funds and "Cash and Carry" was replaced by "Lend Lease" in which repayments for war materiel could be deferred.
Wiki User
∙ 7y ago
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President Roosevelt wanted a cash and carry agreement with Britain?
Roosevelt did support the idea of a cash and carry program with Britain, and in fact, was the one to propose it. FDR served as America's 32nd President.
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