How did the "Cash and Carry" Policy work?

Question

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The "Cash and Carry" policy was implemented during the late 1930s as a way for the United States to stay neutral while still providing aid to European countries at war. It required belligerent nations to pay cash for American goods and to transport them on their own ships, rather than relying on American vessels. This policy allowed the U.S. to avoid the risks and costs of providing credit to other nations during a time of war.

How Did the "Cash and Carry" Policy Work