How the US government paid for world war 1?

Answer 1

The US paid for the costs of its involvement in World War 1 by using up 52 percent of its GNP during that period for war expenses. Its belated entry into the war however helped prevent a worse post war recession .

Answer 2

In 1916 the 16th Amendment to the US Constitution became effective, and allowed the Federal government to impose an Income Tax on individual citizens, which we have enjoyed for 97 years now. Thus the US government had this brand new source of revenue, but it was insufficient to meet the need. So the government resorted to selling bonds to the public, and this was pitched as a patriotic thing to do. In all there were five separate bond issues, and they were all called "Liberty Loans"; the "First Liberty Loan", the "Second Liberty Loan" and so on. Each of these was authorized by an act of Congress authorizing the Treasury to borrow a certain number of millions of dollars by selling bonds. The terms of the bonds differed a little bit from Liberty Loan to Liberty Loan, but all the bonds promised to repay those who bought the bonds all the original purchase price plus interest, some years later.

Answer 3

First, they were intent on staying neutral. President Woodrow Wilson was doing anything in his power to not go to war with Germany and Austria-Hungary. To stay neutral the United States loaned money to both sides of the war. They did thought loan more to the British, French, and Russian alliance. They also supplied mostly the British, French, and Russians with supplies that they needed. Take into consideration they did not loan a SMALL amount of money, but indeed loaned MILLIONS to each side. Then of course finally pushed to the limit by Germany, they joined the war on the British and French side (Russia had left the war because of civil war issues in their home country).

Answer 4

from Hitler