World War II Homefront: War Bonds & Rations
Personal income was at an all-time high, and more dollars were chasing fewer goods to purchase.
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This was a recipe for economic disaster that was largely avoided because Americans-cajoled daily by their government to do so-were also saving money at an all-time high rate, mostly in War Bonds but also in private savings accounts and insurance policies.
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Consumer saving was strongly encouraged through investment in war bonds that would mature after the war. Most workers had an automatic payroll deduction; children collected savings stamps until they had enough to buy a bond. Bond rallies were held throughout the U.S. with famous celebrities, usually Hollywood film stars, to enhance the bond advertising effectiveness. Several stars were responsible for personal appearance tours that netted multiple millions of dollars in bond pledges-an astonishing amount in 1943. The public paid ¾ of the face value of a war bond, and received the full face value back after a set number of years. This shifted their consumption from the war to postwar, and allowed over 40% of GDP to go to military spending, with moderate inflation. Americans were challenged to put "at least 10% of every paycheck into Bonds". Compliance was very high, with entire factories of workers earning a special "Minuteman" flag to fly over their plant if all workers belonged to the "Ten Percent Club". There were seven major War Loan drives, all of which exceeded their goals.
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I still have my family ration book . It has all our names on it and date of birth , there where 7 of us on my book ( my two older sisters where gone then and I was just a baby )
Imagine living in a time where people actually loved their countries and weren't constantly trying to undermine their own homelands. Wow.
@Spanishdog17
3 жыл бұрын
Imagine a time where the US didn't have to bomb every country on the planet and set up fascist dictators for "freedom"
@derekcastaneda4697
3 жыл бұрын
@@Spanishdog17 oh so you're dumb dumb.
@LeoTheJust
3 жыл бұрын
@@derekcastaneda4697 he is right
If we had to do this today, we'd have lost the war in short order, nobody would stand for rations or spend their money on war bonds....
@Nonamearisto
3 жыл бұрын
Depends on the war, and if we were attacked first or not.
@johnf.kennedy5904
3 жыл бұрын
Yeah we would get our asses kicked.
@yodoglover400
Жыл бұрын
Just a bunch of selfish asses make up our country today.
Wow what a different time it was
@paulrossi4863
4 жыл бұрын
Yeah just imagine what life would have been like without smartphones, iPads, tablets and any other electronic gizmo we have today.
@Spanishdog17
3 жыл бұрын
Yeah at 2:07 Bugs wipes off his black face. Can't do that now lol (unless you're the Prime Minister of Canada)
Life on the home front has always fascinated me.
They really pushed these. Everywhere you went or listened to the radio you were reminded to do your patriotic duty and buy bonds.
It's Hedley... Hedley LaMarr!!!
This was dope
@hankaustin7091
4 жыл бұрын
and with your background, you'd know something about dope, I'm sure!
@yodoglover400
Жыл бұрын
We don't need your stupid comment.
give me 3 similarities in this video to what is happening currently in the united states. i dont feel like doing my homework
@elijahhmarshall
3 жыл бұрын
people are stockpiling food and there is an underground black market for scarce goods (it was food, now its toilet paper and graphics cards) Also dont forget that there is tons of government sponsored media about covid, just as there was about ww2. IK i'm too late.
its coming
@kaibaCorpHQ
5 жыл бұрын
are you sure?
hit or miss
@stephenm7792
5 жыл бұрын
I guess they never miss
@stephenm7792
5 жыл бұрын
HUH!
@stephenm7792
5 жыл бұрын
you got a boy friend
@stephenm7792
5 жыл бұрын
I bet he doesn't kiss ya
@stephenm7792
5 жыл бұрын
MWA!
Propaganda
@yodoglover400
Жыл бұрын
At least it's not commie propaganda.
BONDS.&.WAR ! @DetectiveofMoneyPolitics