Search results
Results from the Think 24/7 Content Network
Cash and Carry was a policy by US President Franklin Delano Roosevelt announced at a joint session of the United States Congress on September 21, 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 long as the recipients ...
In a concession to Roosevelt, a "cash-and-carry" provision that had been devised by his advisor Bernard Baruch was added: [citation needed] the president could permit the sale of materials and supplies to belligerents in Europe as long as the recipients arranged for the transport and paid immediately with cash, with the argument that this would ...
Cash and carry is a form of trade in which goods are sold from a wholesale warehouse operated either on a self-service basis or on the basis of samples (with the customer selecting from specimen articles using a manual or computerized ordering system but not serving themselves) or a combination of the two. Customers (retailers, professional ...
President Roosevelt signs the Lend-Lease bill to give aid to Britain and China (March 1941). House of Representatives bill # 1776, p.1. Lend-Lease, formally the Lend-Lease Act and introduced as An Act to Promote the Defense of the United States (Pub. L. Tooltip Public Law (United States) 77–11, H.R. 1776, 55 Stat. 31, enacted March 11, 1941), was a policy under which the United States ...
A fund is defined in GASB Codification Section 1300 "as a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated for the purpose of carrying on specific activities or ...
Previous policies such as the Neutrality Acts had already begun to be replaced by intensified assistance to the Allies, including the cash and carry policy in 1939 and Destroyers for Bases Agreement in September 1940. The Lend-Lease program began in March 1941, several months after the Arsenal of Democracy address.
Yesterday I blogged about an economist's answer to the question of how much cash one should carry, which was a surprisingly large amount; almost $500. His conclusions factored in the time required ...
The destroyers-for-bases deal was an agreement between the United States and the United Kingdom on September 2, 1940, according to which 50 Caldwell, Wickes, and Clemson -class US Navy destroyers were transferred to the Royal Navy from the US Navy in exchange for land rights on British possessions . Generally referred to as the "twelve hundred ...