How did the "Cash and Carry" Policy work?
a. It prohibited Americans during the Great Depression from buying on credit.
b. It required nations at war in 1939 and 1940 to pay for U.S. goods in cash and to carry them in their own ships.
c. It forced the American government to pay cash for all purchases and to carry them in its own ships.
d. It eliminated capitalism by destroying the credit system.
e. It insisted that nations wanting to trade with the United States would have to buy the goods on credit.
Ans: b. It required nations at war in 1939 and 1940 to pay for U.S. goods in cash and to carry them in their own ships.
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