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Unformatted text preview: The Nye Committee and neutrality legislation. Between 1934 and 1937, Gerald P. Nye of North Dakota chaired a Senate committee investigating American involvement in the First World War. The committee concluded that bankers and arms dealers, the so-called merchants of death, had made enormous profits during the war. Although unable to show a direct cause-and-effect relationship between either the finance or the munitions industry and the U.S. declaration of war, Congress believed that identifying the way the United States had been drawn into war in 1917 was key to keeping the country out of a future conflict. The neutrality laws passed between 1935 and 1937 reflected this attitude. Enacted in response to the Italian invasion of Ethiopia in May 1935, the Neutrality Act of 1935 prohibited the sales of arms and munitions to countries that were at war and prohibited Americans...
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- Fall '08