Nye Committee
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The Nye Committee studied the causes of United States involvement in World War I between 1934 and 1936. There were seven members of what was officially known as "Senate Munitions Committee". Ninety-three hearings questioned more than two hundred witnesses, finding little evidence that the arms industry, which had benefited so much from the US entry into the war, had unduly influenced the American policy.
However the committee reported that between 1915 and April 1917, the US loaned Germany 27 million dollars ($27,000,000). In the same period, the US loaned the UK and its allies 2.3 billion dollars ($2,300,000,000), or about 85 times as much. The conclusion has been drawn that the US entered the war because it was in its commercial interest for the UK not to lose.
External links
- US Senate (http://www.senate.gov/artandhistory/history/minute/merchants_of_death.htm)
- The Nye Report (http://www.mtholyoke.edu/acad/intrel/nye.htm)