Posts Tagged: War bonds in WWII

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 »