He was gratified to read on April 12, 1934, that the Senate had voted an inquiry into the manufacture of and traffic in arms. Senator Gerald P. Nye, of North Dakota, as chairman of the Senate Munitions Investigating Committee. began holding public hearings stressing the heavy profits made by American financiers and armament-makers during World War I. The Nye Committee produced shock waves by exposing the pressures exerted by the armament industry on the government to take America into that war.
