War Debt

After the war the united states were in a huge debt along with the other countries. With all the reconstruction and them providing aid to other countries through the the lend lease act. This made the united states go very downhill. Although they did gain a lot of power by doing this lend lease act they still were in debt and a lot of people wondered how they would get out of it. With the united states running out of ideas they suddenly had a plan. They started to raise taxes and lower people's pay. But, even with doing this, it wasn't enough. So the government came up with an idea to ask citizens for help. They believed that people were used to giving up money so why not give it up for the war? This became known as War Bonds. War bonds were basically loans to the government from the people. The money that was loaned to the government was used for buying war materials, weapons and reconstruction. The money that was also loaned to the government was also returned back to the people in taxes. The government would raise peoples taxes and they would pay you back your cash in the bond.

(A link to a war bonds advertisement)

https://www.youtube.com/watch?v=92hJjW5n6ZQ

(War Bonds summarized)

https://www.youtube.com/watch?v=PDR0MAscaCw

War band propaganda:(IMAGES)