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The original plan was to stay out of the war and keep America safe (isolitionism) The US didn't want to provoke an attack by helping Germany's enemies because a friend of their enemy is their enemy. So the US passed the neutrality act of 1939 to say that they wouldn't support one side over another. A major part of this was cash and carry which said that buyers had to pay in cash and transported the weapons on their own ships (if you are doing this for a class in school, you need to know the transition from cash and carry to lend-lease). Britain controled the Atlantic at the time so really, cash and carry favored the allies since Germany wasn't able to transport the goods. Britain started to run low on money so the US changed the policy to lend-lease which let Roosevelt "lend, lease, exchange, or otherwise dispose of" American weapons to the British for any reason. The Neutrality act tried to keep the US out of the war but failed.

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