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185.7 Billion Bonds were sold. They paid 2.9 per cent, and matured in 10 years. This in a period of about 5 years A bond cost 18.75, and you could collect the face value of 25.00 at that time.
When I was in Kindergarten, we would line up after our morning milk break, to buy war bond stamps for 10 cents. We honestly had no idea what they were, only that it was a good thing. We would lick them and stick them in a book, and take them to the bank when the book was full. The bank would exchange it for a real US series E bond!! Wow!! And we felt sooo patriotic, because of all the publicity. We were glad to do it.
This when the median American income was around 2,000.00 per YEAR, not per month, and this country was at war with everything you can imagine rationed (not available to buy, or limited as to how much one person could buy).
So my next question is this, President Obama and the congress, Why the heck aren't you issuing them today, so we can pay our own way out of the terrible debt we're in? I've got a whole bowl of change and I'm waiting!!
What else can I help you with?
How much did the government raise money during the Revolutionary War?
about 37 million dollars
Why did people sell there war bonds during the American revolution?
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.
How did the central government under the Articles of Confederation raise money?
Under the Articles of Confederation, the American government was not even granted the power to tax as a way to raise revenue, very much unlike the American government under the US Constitution. The only way they could raise funds was by asking for money from the states, from foreign powers, or by selling off lands in the west.
How much money did Terry Fox raise before he died?
he raised 2 million on his run and a telethon by ctv when he was in the hospital raised over 10 million
How much does spam cost during the World War 2?
money! ;p
How much did the government raise money during the Revolutionary War?
about 37 million dollars
How much money can a president spend or raise?
How much money can a president spend? all of it. How much money can a president raise? .. well that tend not leave office with the country rich
What should you do for Red Nose day?
try and raise as much money as you can as there are people around the world in terrible conditions
How much money will the world cup rase for south Africa?
It is estimated that it will raise between £12 bn And £15 bn
How much money is spent on fast food per day in the world?
Do you want to raise money super fast $ 100 per day,..?
How much money does the red cross raise every year?
The Red Cross has not released information on exactly how much money they raise every year. They do state that they spend hundreds of millions of dollars on helping out the community with the money that they raise though.
How much money does the WWF raise per year?
WWF raise as much as possible, normally around £1,000,000,000
How much money did Barry Bonds make in 1997?
Barry Bonds made alot of money... he made 14,989,65 per year
How much money did Raise Your Voice gross worldwide?
Raise Your Voice grossed $14,811,980 worldwide.
How much money did Raise the Titanic gross worldwide?
Raise the Titanic grossed $7,000,000 worldwide.
How much of the 304 billion cost of World War 2 was paid in war bonds?
Over 180 Billion dollars was raised in war bonds. There were donations too and regular budget money.
How much money did cancer research raise in 2007?
£500,000.00
