A US Senate committee, chaired by Gerald P. Nye of North Dakota, to investigate the dealings of the munitions industry and bankers and their reputed profits from promoting foreign wars. The findings revealed high profits and a studied hostility to disarmament but no evidence to support the theory that President Woodrow Wilson had at any time been influenced by the financial “stake” in his relations with Germany. However, so strong and widespread was the spirit of isolationism that the Senate, in an effort to remain aloof from global problems, passed a series of Neutrality Acts (1935–39).