How beneficial were war bonds to the US during WWII
score:34
The sale of war bonds "sterilized" the otherwise humongous U.S. debt. That is, while debt was historically large (by any standards except today's), we "owed it to ourselves" and not to foreigners. Which is to say that the money was available to be "recycled" into the U.S. economy after the war.
But the main benefit was AFTER the war. The country saved something like 25% of its GDP annually during almost four years of war. When it ended, the average American family had almost one year's wages in savings, most of it in war bonds.
That financed the greatest peacetime economic boom in American history, and allowed for returning soldiers to be employed in civilian pursuits, at higher productivity rates than they enjoyed before the war.
Upvote:0
They were really, really, really significant for the United States. They were able to raise over 150 billion dollars for the treasury by bonds. This helped fuel the U.S. war effort and supply troops with weapons, tanks, guns, etc. Without these bonds, the war could've lasted longer, or been harder to win. The bonds helped the U.S. win the war and were very influential.
More post
- 📝 Circa 1940, what was the oil production of each nation?
- 📝 Who were the traders involved in the triangular slave trade in France?
- 📝 Is there any documentation that indicates the Aztecs were as violent as they are made out?
- 📝 Why did Native Americans die from European diseases while Europeans didn't catch serious diseases from the New World?
- 📝 When did Josef Wissarionowitsch become "sexy" Stalin?
- 📝 What led Extremadurans to take a leading role in the conquest of Spain's territories in the Americas?
- 📝 Medieval farmer's metal tools
- 📝 Did British soldiers in WWI on the Western Front get paid in foreign currency?
- 📝 How would a family travel from Indiana to Texas in 1911?
- 📝 What military uniform is this?
- 📝 Hand signal for suppressing enemy position in World War 2
- 📝 Were there inns and hostels in medieval Europe?
- 📝 Who liberated Denmark in WWII?
- 📝 Was non-interventionism before WWII a principled stand, or was it motivated by pro-Nazi sentiment?
- 📝 Did Britain bill Poland for maintaining Polish Air Force that fought over Britain?
- 📝 What was the role of Nigeria in Soviet invasion of Afghanistan
- 📝 What role did the United States government and major corporations have in controlling dissent and protest starting in the late 1940s?
- 📝 What was the last religion to become 'extinct'?
- 📝 What made the discovery of Tutankhamun's tomb such a significant archeological find?
- 📝 Where did prejudice against left-handed people originate from?
- 📝 How safe were ancient boats on the sea?
- 📝 How, where and when did Lily Pettigrew die?
- 📝 What kind of armor did the soldiers use in pre-gunpowder Southeast Asia?
- 📝 Why are some monarchs sent to exile after a country is declared a republic?
- 📝 What post-photographic 19th US century dark skirted stripe embroidered jacket, hard brim and top forage cap, light trousers, sword uniform is this?
- 📝 What was it like for a coastal village to experience a Viking raid in around the tenth century?
- 📝 What WWII fighter raid did my great-uncle misremember?
- 📝 Was the wall of the Second Temple part of the fortification of Jerusalem?
- 📝 Resources containing public debates concerning slavery (post 17th century)
- 📝 How did the triple entente manage such a large breakthrough in WW1?
Source: stackoverflow.com
Search Posts
Related post
- 📝 How beneficial were war bonds to the US during WWII
- 📝 How were the Bulgarians regarded by the Nazis during World War II?
- 📝 How many ministerial deferments were there during WWII for the United States?
- 📝 How did the Nazis plan to defeat America during World War II?
- 📝 How was beer production affected by the war during WW2?
- 📝 How did the Allies communicate during World War II?
- 📝 How educated were the clergy during the Medieval period?
- 📝 During World War I, why were church bells stopped until the war was over?
- 📝 How could it be that 80% of townspeople were farmers during the Edo period in Japan?
- 📝 What were the individual soldiers motivated by during World War 1?
- 📝 How were the Venera Probe missions received/presented in the Western world during the space race?
- 📝 How many pens were used by MacArthur to end the final chapter of World War II and where are they now?
- 📝 How big were the biggest elections during the ancient era?
- 📝 How is it that King Philips War devastated the colonists so much, but the Colonists were not driven out?
- 📝 How close were the living standards of India compared to England during the medieval period?
- 📝 How were political borders marked during the Middle Ages?
- 📝 Was payment on Louisiana Bonds suspended during the War of 1812?
- 📝 During the 1930-40s - World War 2 - were children taught English in Nazi Germany?
- 📝 How were de jure lands determined during the Middle Ages in Western Europe?
- 📝 What were factors that led to a decline in bond yields during World War II given that the opposite should have happened?
- 📝 How many British prisoners of war were taken by the Wehrmacht and how many died?
- 📝 How were expelled ministers "witnessed" during the Great Ejection of 1662?
- 📝 What deaths were caused by weapons deployed during a war long after the war has ended?
- 📝 How realistic were von Papen's plans to invade Canada using "German cowboys" during the Great War?
- 📝 During World War II, in the U.S., were diapers available?
- 📝 How many people were beheaded by the Guillotine in France during the French Revolution (1789-1794)?
- 📝 How good were Confederate resupply capabilities during the Gettysburg campaign?
- 📝 What were conditions like for Chinese men subject to recruitment by the army during the Second Sino-Japanese War and Chinese Civil War?
- 📝 Were there restrictions on German refugees entering the US during World War II?
- 📝 How heavy were the heaviest war hammers actually used?
