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"Resolved… That upon the outbreak or during the progress of war between,or among,two or more foreign states,the President shall proclaim such fact,and it shall thereafter be unlawful to export arms,ammunition,or implements of war from any place in the United States… to any port of such belligerent states…
[and if] the President shall find that… the protection of the lives of citizens of the United States,or the protection of the commercial interests of the United States and its citizens… requires that the American citizens should refrain from traveling as passengers on the vessels of any belligerent nation,he shall so proclaim…"
Neutrality Act,passed by the United States Congress,1935
-Americans would not be compelled to significantly modify their stance as taken in this passage until
Insured Savings Account
A savings account that is protected by insurance, usually provided by a government agency, against the loss of deposits.
Portfolio
A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs).
Assets
Resources owned or controlled by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Risk Averse
A characteristic of preferring to avoid loss over making a gain, typically leading to more conservative decision-making in the face of uncertainty.
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