Question

What are the two ways the U.S. government financed the war effort?

Answer 1

The two ways the US government financed the war effort was taxes and tapping into americans personal savings which is bonds

Answer 2

The correct answer is taxes and bonds.

Taxes on the wealthiest American citizens during World War II helped the American government fund the war. Along with this, the income tax put on all workers helped to fund the government's war effort as well, as unemployment dramatically decreased during WWII.

Along with this, bonds were also bought by American citizens. These bonds gave the government currency immediately and benefited citizens by the government paying them back with interest after the war was over.