Liberty means the freedom of the united states itself
In the 15th century, Europe sought to expand trade routes to find new sources of wealth and bring Christianity to the East and any newly found lands. This European Age of Discovery saw the rise of colonial empires on a global scale, building a commercial network that connected Europe, Asia, Africa, and the New World.
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The Cash and Carry Policy was all of the items purchased had to be paid with cash and then shipped from the United States on the buyers on personal ships. President Roosevelt got around the cash and carry requirement when Britain couldn't meet the terms anymore by creating the "Land-Lease Act." This allowed the United States to lend or lease arms to any country that was considered a vital asset to the defense of the United States.