Exchange Database

United States Extended Credits to Nationalists

After the outbreak of war in China, U.S. popular and governmental support for China increased dramatically. Although not yet ready to go to war, President Franklin D. Roosevelt took the advice of his Secretary of the Treasury, Henry Morgenthau, and then Adviser on Political Relations at the Department of State Stanley Hornbeck and extended a $25 million credit to the Nationalist regime so that it could purchase necessary supplies.
Outcomes: 
In 1940, President Roosevelt expanded the credit to $100 million.
Contact Info: 
U.S. Department of State
Source: 

https://history.state.gov/countries/issues/china-us-relations

Government?: 
Yes
Type of Exchange: 
diplomatic
military
Partners: 
United States Government
Chinese Nationalist Regime
Sponsor(s): 
United States Government
Participants (Types): 
American politicians
Exchange Date: 
Saturday, January 1, 1938 to Monday, January 1, 1940
Continuing: 
No
Level of Government: 
national
Location: 
Washington, DC
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Commission Report

Polls show Americans and Chinese are becoming less trustful of each other’s country. The Commission assesses the problem and offers recommendations to foster greater U.S.-China collaboration and understanding.

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