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Posts Tagged: war loan drives

World War II War Bonds

US War Bond poster, WWII

Seventy-five years ago this week, the United States held its first War Loan Drive. The Second World War cost the United States $300 billion dollars, with the federal budget rising from $9 billion in 1939 to $98 billion in 1945. How was the nation to pay for that? Taxes were increased with an additional 5… Read more »

World War II War Bonds

Wars are expensive. The Second World War cost the United States $300 billion dollars, with the federal budget rising from $9 billion in 1939 to $98 billion in 1945. How was the nation to pay for that? Taxes were increased with an additional 5 percent Victory Tax. To assure payment, on June 10, 1943 the government approved… Read more »