Asked in World War 2
How did concept of deficit spending help the war effort?
The war debt allowed the nation to continue to fight until the war was won. The war bonds benefited the people who purchase the bonds and earned their interest. It also allowed the government time to pay the debt back. ...
Asked in WW2 Homefront
What way did the government raise money for the war?
During the World Wars, the government issued War Bonds. These were bonds that people could buy, and get paid back with interest once the war was over. ...
Asked in Bonds and Treasuries
What is a government certificate purchased to raise money for war efforts?
Back in the old days WWI and WWII, they were called War Bonds.
Asked in WW2 Homefront
Why did the government sell war bonds during the war?
War bonds were a very simple method for the government to make money. At the time, most of the wages Americans were getting were from making the things the government was spending money on, so they encouraged civilians to put that money back into the war effort. ...
Asked in World War 2, WW2 Homefront, WW2 Allied Powers
How did the government raise money to pay for war during World War 2?
War bonds and stamps were one way. U.S government had to raise taxes multiple times to pay for the war and other needs like food, weapons, health care, and transportation with the people getting drafted and in order to pay for all that the government had to increase taxes ...
Asked in Japan in WW2
How did the government pay for the war effort?
first answer: taxes second improved answer: Governments can also borrow money to pay for wars & other things. If a government issues debt (example war bonds), then it will normally try to pay back its debt by using taxes & other government revenues to fund the interest & principal payments. Your question is vague as to which government & which war effort. Some governments (such as Nazi Germany, Soviet Union, Imperial Japan) also pay for war by stealing, confiscating, looting, creating slave labor, etc. ...
Asked in WW2 Homefront, WW2 Allied Powers
How did the US government pay for the war?
The US government paid for World War 2 by taking money from the economy of the surrounding states. This money was used to make supplies for the war. they did this by increasing several kinds of taxes and war bonds. ...
During the war what were issued by the American government allowing the government to borrow from the American people?
Liberty Bonds, also known generally as war bonds.
Asked in World War 1, History of the United States
How did war bonds affect the American society during ww1?
they helped because they were low int-erst loans by civilians to the government to help pay for the war effect ...
Asked in American Revolution
When did the US pay off the revolutionary war debt off?
When hamilton proposed a plan that included that the federal government would take the staes debt and pay for it using bonds. ...
Asked in World War 1, Bonds and Treasuries
What did the government do with the money people paid to buy war bonds?
they bought war bonds and what ever was left they spent
Asked in World War 1
How did the US pay for World War 1?
The U.S government had to raise taxes multiple times to pay for the war and needs like food, weapons, health care and transportation with the people getting drafted and in order to pay for all that the government had to increase taxes. The government also encouraged the citizens to eat less so they could send what was left over to aid the war effort. The government also encouraged the use of car pooling to save gas as well as money. "War bonds" were...