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
- 📝 Tarim Mummies origins and theories separating fact from fiction
- 📝 Was there actually a project by the Nazis to create supernatural monsters/weapons?
- 📝 Has any country won a war, but lost a non-trivial portion of its territory?
- 📝 Did Song troops spread black beans on the ground as a means to defeat the superior Jin cavalry? If so, in which battle?
- 📝 What is the history of "industrial date coding" (year followed by week number)?
- 📝 Do we have any idea what people in the Middle Ages (or before them) thought the far future was going to be like?
- 📝 Did the Soviets excel in one area of weaponry during World War II?
- 📝 Does Japan have the constitutional and legal right to have its own army or navy?
- 📝 Army formation: veterans at the first line
- 📝 What were the ethnic backgrounds of the slaves in Ancient Greece?
- 📝 How did the US fall behind in airplane technology from 1909-1917?
- 📝 What were the 20th century historical disputes?
- 📝 Were taxes from senatorial provinces and imperial provinces sent to their respective treasuries in the Roman Empire? (Under the rule of Augustus)
- 📝 Did contemporary scholars draw a connection between Great Schism and Crab Nebula Supernova (1054 A.D.)?
- 📝 Did Constantine XI will his titles to Ferdinand and Isabella of Spain?
- 📝 How big was the kapa trade out of Hawaii?
- 📝 How did Hitler get off so lightly after the Beer Hall Putsch?
- 📝 Have democratic nations with their own constitutional monarchies become republics, and in what form?
- 📝 Of which countries was Ludwig von Mises a citizen?
- 📝 How much gunpowder could the average Napoleonic ship of the line carry?
- 📝 How tall was Brutus?
- 📝 Why did few French and no Dutch pilots (but many Poles and Czechs) take part in the Battle of Britain?
- 📝 Which one is ancient Hinduisam or Dravidiasm
- 📝 Who titled the works of Aristotle?
- 📝 What happened to Iraq's debts after the US toppled the government in 2003?
- 📝 Is Wikipedia's identification of Lebed an error?
- 📝 Why wasn't awareness of Australia more widespread in pre-colonial Asia?
- 📝 How accurate is the respresentation of York/Jórvík in the manga Vinland Saga?
- 📝 Is there a record of the times the nuclear brief case or its Russian counterpart have ever been actually opened?
- 📝 How useful are mythological king lists and geneologies for historians?
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?