Final answer:
The Nye Committee investigated the claim that arms manufacturers, known as 'war profiteers,' influenced the U.S. decision to enter World War I. Despite their profit-making, little evidence was found proving substantial influence on President Wilson's decision. This contributed to the passage of Neutrality Acts to prevent further U.S. involvement in foreign conflicts.
Step-by-step explanation:
The arms manufacturers and money interests that were accused by the Nye Committee of pushing the U.S. into World War I were known as war profiteers. The Nye Committee, a Senate committee established in the 1930s, investigated the popular belief that the United States was drawn into World War I due to the influence of munitions manufacturers and bankers seeking profit.
Although the committee found that these arms manufacturers did make profits and were resistant to disarmament, there was little evidence that they excessively influenced President Woodrow Wilson's decision to enter the war. Nonetheless, this notion and the subsequent anti-war sentiment contributed to the United States passing a series of Neutrality Acts in the mid-1930s, aimed at preventing American involvement in foreign wars.