US war bonds helped the war effort by raising money for people on the home front. loaning money to the government. paying taxes

Question

allsm [11]

3 years ago

11

US war bonds helped the war effort by raising money for people on the home front. loaning money to the government. paying taxes

to the government. helping banks stay in business.

History

2 answers:

bogdanovich [222] · Answer 1 · 2022-07-09T10:20:32+03:00

Loaning money to the government.

Further Explanation:

The war bonds were first issued by the government of the United States and they were initially known as defense bonds. The name 'War Bonds' came into effect when the Japanese attacked Pearl Harbour. During that France, the citizens of the United States were asked by the government to buy those bonds in order to support the nation financially during the war. People also used to purchase stamps as a part of savings in war bonds. These war bonds were seen as a loan by the people to the government to fight to war.

These war bonds offered a low rate of interest to the people as compared to the market but people wanted to support the government in any possible way during the war so the chose to help the government by buying war bonds and stamps. The government used massive advertisement campaigns in order to lure people to invest in these war bonds and within a short period of time, war bonds became one of the most efficient ways to support the government during the war.

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Answer Details:

Grade: High School

Chapter: History

Subject: War Bonds

Keywords: War Bonds, United States, Bonds, Finance, Security, Efficient, Campaign, Advertisement, Stamps, Pearl Harbour, National Duty.

Rashid [163] · Answer 2 · 2022-07-09T07:51:19+03:00

The answer is: loaning money to the government.

When we buy government bonds, the government is obligated to return the money with interest after the bonds reach their maturity. (similar to loans). In war times, war bonds often issued if the military need a quick capital injection to buy supplies or equipment that they need for the war.