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A war bond is a note that you would buy from the union, they use the money to buy military supplies, hoping to end the war sooner with the extra money, after a couple years, you would redeem the note for the money you paid plus interest.

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Who did the US Treasury chose to market war bonds during the US Civil War?

During the US Civil War the US Treasury Department needed to help finance the costs of the war. The successful Philadelphia banker Jay Cooke was given a contract to market the bonds. Cooke was charged with raising $500 million worth of bonds to the general public. Cooke was successful and at one point he was marketing $1 million worth of bonds per day.


How did the government pay for the world war 1?

war bonds


What were War bonds used for?

War bonds were used for my dick


What important events were in the American Civil War IN the Civil War not triggered the Civil War?

It would depend on which civil war you are referring to.


When does the civil war end?

American Civil War: 1861-1865Mexican Civil War: 1858-1861Irish Civil War: 1922-1923Russian Civil War: 1917-1921Chinese Civil War: 1928-1937, 1945-1949Austrian Civil War: February 12 - February 16, 1934Spanish Civil War: 1936-1939


What is the difference between war bonds and liberty bonds?

Liberty Bonds were the name given to a series of bond offerings in the United States to finance World War I. War Bonds (and Defense Bonds) were the bonds issued in the United States during WWII.


How did Jay Cooke help the Union's Civil War efforts?

The US Treasury Department hired banker Jay Cooke to help finance the US Civil War efforts by marketing $500 million in bonds. With an interest rate of 6%, banks and the general public took a personal stake in the war.


How did the U.S. finance the Civil War?

The US government financed the US Civil War by issuing bonds and collecting tariffs. In addition, based on the option of avoiding the draft, citizens paid the US Treasury $300 to the government in lieu of serving in the military. At the end of the war, the government debt was about $8 Billion.


Name the US war between the North and South?

*The civil war *The War between the States


Which war is worse a Civil War or an ordinary war?

a civil war the civil war was the north vs. south of one country


Who died in which war war 1 or revolutionary war or Civil War?

civil war


What were the factors that made the federal government stronger after the civil war?

The federal government became stronger after the Civil War in many different ways. After the war they started selling government bonds, which helped strengthen the government economically. The nation became stronger as a whole too because they began to support their national government.