answersLogoWhite

0

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.

User Avatar

Wiki User

8y ago

What else can I help you with?