USA HISTORY

Detailed explanation-1: -A war bond can be categorised as debt security that is issued by a government with the aim to secure funding for military operations that arise during conflicts and times of war.

Detailed explanation-2: -President Roosevelt settled on two major means of raising money: increased taxes and borrowing, through the sale of massive amounts of war bonds. Besides paying for the enormous costs of war, these measures would remove excess wages and other spendable money in a time of shortages, helping to keep a lid on inflation.

Detailed explanation-3: -What Is a War Bond? A war bond is a debt security issued by a government to finance military operations during times of war or conflict. Because war bonds offered a rate of return below the market rate, investment was achieved by making emotional appeals to patriotic citizens to lend the government money.

Detailed explanation-4: -War bonds appealed to the patriotism of citizens and had clear propaganda backing them up. Initially issued as liberty bonds in the United States, the government raised a lot of money through these bonds to aid its military operations during the world wars.

Detailed explanation-5: -In early 1942, U.S. Treasury officials worked to secure public ownership of the national debt by encouraging voluntary purchase of war savings bonds and stamps. The goal was to enlist ordinary citizens to make them shareholders in the war effort.