Process
The Nye Committee conducted 93 hearings and questioned more than 200 witnesses. The first hearings were in September 1934 and the final hearings in February 1936. The hearings covered four topics:
- The munitions industry
- Bidding on Government contracts in the shipbuilding industry
- War profits
- The background leading up to U.S. entry into World War I.
The committee documented the huge profits that arms factories had made during the war. It found that bankers had pressured Wilson to intervene in the war in order to protect their loans abroad. Also, the arms industry was at fault for price fixing and held excessive influence on American foreign policy leading up to and during World War I.
According to the United States Senate website:
The investigation came to an abrupt end early in 1936. The Senate cut off committee funding after Chairman Nye blundered into an attack on the late Democratic President Woodrow Wilson. Nye suggested that Wilson had withheld essential information from Congress as it considered a declaration of war. Democratic leaders, including Appropriations Committee Chairman Carter Glass of Virginia, unleashed a furious response against Nye for 'dirtdaubing the sepulcher of Woodrow Wilson.' Standing before cheering colleagues in a packed Senate Chamber, Glass slammed his fist onto his desk until blood dripped from his knuckles.Read more about this topic: Nye Committee
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