What were War Bonds?
In: Economics
Bonds are a certificate of debt which are still used.
When someone purchases a bond they give cash for the certificate of debt and the issuer of the bond gains cash to run the business or government but has to repay it later plus interest.
So “war bonds” were issued during times of war to raise money so the government could pay for the war effort.
TL;DR
It’s a way to raise money by issuing debt, specifically for running the war machine.
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