Government debt security issued to finance wartime expenditure
War bonds (sometimes referred to as victory bonds, particularly in propaganda) are debt securities issued by a government to finance military operations and other expenditure in times of war without raising taxes to an unpopular level. They are also a means to control inflation by removing money from circulation in a stimulated wartime economy.[1] War bonds are either retail bonds marketed directly to the public or wholesale bonds traded on a stock market. Exhortations to buy war bonds have often been accompanied by appeals to patriotism and conscience. Retail war bonds, like other retail bonds, tend to have a yield which is below that offered by the market and are often made available in a wide range of denominations to make them affordable for all citizens.
^"War Bond Stamp Book from World War II". Museum of American Finance. Retrieved 6 May 2021.
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produced and emceed the first two hours of a seven-hour coast-to-coast WarBond drive broadcast titled I Pledge America. Airing August 29, 1942, on the...