I bought these bonds at huonville area school in 1942-3-4
freda morgan
. . . support the war .
Essentially, they were War Bonds -- people bought "shares" of the government to help pay the huge cost of fighting World War 2
This isn't a question. War bonds were used in WWI like any war to finance spending.
War Bonds were sold during both World Wars as a way to finance the wars. The amount of material and food for troops necessary to finance a war is staggering. Generally the buyer paid 3/4 of the face value of a bond, and the full value was returned to them after ten years, so it was a type of savings account, too, though the interest rate was rather lame. In World War II, there were six "War Loan" drives, and a seventh "Victory Loan" drive. All exceeded their goals. And for it's part, the government has never defaulted on payment of a single War Bond.
When people bought war bonds, they loaned the government money to help the war effort.
with war bonds
To help support the war effort.
. . . support the war .
To help support the war effort.
When people bought war bonds, they loaned the government money to help the war effort.
Essentially, they were War Bonds -- people bought "shares" of the government to help pay the huge cost of fighting World War 2
Americans bought war bonds. wich was simpply donating money to the war effort
War bonds were implemented during World War II as a source of revenue. Most Americans purchased war bonds as a show of support for the war effort.
This isn't a question. War bonds were used in WWI like any war to finance spending.
War Bonds were sold during both World Wars as a way to finance the wars. The amount of material and food for troops necessary to finance a war is staggering. Generally the buyer paid 3/4 of the face value of a bond, and the full value was returned to them after ten years, so it was a type of savings account, too, though the interest rate was rather lame. In World War II, there were six "War Loan" drives, and a seventh "Victory Loan" drive. All exceeded their goals. And for it's part, the government has never defaulted on payment of a single War Bond.
When people bought war bonds, they loaned the government money to help the war effort.
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.