Why did many people sell their government bonds for less than they paid for them? A) The government refused to pay the money owe

Question

3 years ago

13

Why did many people sell their government bonds for less than they paid for them? A) The government refused to pay the money owe

d to bond holders. B) All bonds were sold to France. C) They did not believe the government was going to be able to pay its debt. D) Many bonds were lost during the war.

Social Studies

2 answers:

Ray Of Light [21] · Answer 1 · 2022-03-10T13:57:33+03:00

Ray Of Light [21]3 years ago

8 0

Correct must be A because the government has refused to give money refund that time is black market everything became high price and low custom that couldn't work anymore , there no job available

loris [4] · Answer 2 · 2022-03-10T15:03:03+03:00

The correct answer is C) they did not believe the government was going to be able to pay its debt.

Many people sold their government bonds for less than they paid for them because they did not believe the government was going to be able to pay its debt.

During World War II, the US federal government issue war bonds to finance the war effort. The government bet on the patriotic discourse to appeal the emotion of the Americans of the time and asked for money to support part of the cost of war. People answered the call and bought war bonds but eventually, most of them sold their government bonds for less than they paid for them because they did not believe that after so much governmental expenditure the government was going to be able to pay its debt.