Essay About War Bonds

Alexander Hamilton’s goal was to create a stable economy. He was concerned with the public credit of the United States of America. It was found that United States of America had debts amounting to $54 million from the Revolutionary War, $10 million of which was owed to wartime ally France and Dutch bankers. He proposed an economic plan that would solidify the economic structure of the country. Hamilton believed that the public debt assumption of all the states would be “the powerful cement of our Union” if his bond proposal that would improve the national public credit was be accepted. A bond is certificate issued by a government or company promising to pay back borrowed money at a fixed rate of interest on a specified date. He stated that all war bonds from the Revolutionary War must be paid in full at face value to those holding the bond agreements. He felt that if the repayment of war bonds was not taken solemnly or if only a fraction of the face value was paid, the government would lose the confidence and loyalty of the people. He felt it was imperative that the people confidence in the new system of government. To raise money to pay off the debts, Hamilton proposed the option of new

However, the time and reason why rationing began depended on the item. Take for example, rubber. After the Japanese bombed Pearl Harbor, the war with Japan began. Then “the Japanese seized plantations in the Dutch East Indies which produced 90% of America’s raw rubber.” Thus rubber became the first non food item rationed in 1942. “The war with Japan also cut off U.S. imports from the Philippines,” leading to the start of the first food ration, sugar, in the spring of 1942. Sugar was the last item to be rationed as well until 1947 when the supply finally returned back to

With the onset of WWII, the United States needed a system to savor their supplies, so the government put in place the rationing system. They used ration books to get supplies like meat and sugar from grocery stores, a ration book was kind of like a coupon book, you couldn’t buy a rationed item without having a ration stamp for that item (National WWII museum).

Due to the enormous expense of fighting the revolutionary war, America was in debt as soon as it became a country. Both the national and state governments had accumulated large amounts of debt in the war effort. As the first secretary of the treasury, Hamilton had the responsibility of paying off the national debt, which was about $11.7 million to other countries and about $40.4 million to U. S. private citizens. In addition to the national debt, the state governments had also accumulated around $25 million of debt. In order to raise money during the war, the United States government sold bonds with the promise of buying back the bonds at a higher rate in the future. However, following the war the government was unable to fulfill that promise to the bond holders.

The war measure act was made to give the government power of the rights and freedom

Rationing is defined as a fixed allowance of provisions of food, especially for soldiers or sailors or for civilians during a shortage (dictionary.com). In 1942 a rationing system began to guarantee minimum amounts of things people needed. During World War II, people couldn’t just walk into a store and buy whatever they wanted. Ration books are books that contained coupons where shopkeepers could cut out the coupon for the person to use. War ration books and tokens were issued to each American family, controlling how much gas, tires, sugar, meat, silk, shoes, nylon and other items any person could buy (Rationing on the US Homefront). The Office of Price

The reason things were rationed was due to little production. Was items were the priority of being produced over household items to help win the war. This meant that everything needed to be rationed for everyone to get their equal share. Sugar, meat, tires, silk, gasoline, shoes, nylon, and more were all rationed to American people. Chicken wire, used for fencing in animals was also being rationed. Pretty much anything you could think of had to be rationed, because the most important focus at the time was the war.

To learn more about Spartacus during the third servile war, we will first need to know what the third servile war was. A servile war is a war fought by slaves. There have been three major servile wars in ancient Rome, the third, led by Spartacus, is the most famous. These three wars are all slave rebellions. The first servile war was led by Enus, but the general was Cleon. He managed to resist the Roman forces by using Guerrilla warfare. “Guerrilla warfare is a form of irregular warfare in which a small group of combatants such as paramilitary personnel, armed civilians, or irregulars use military tactics, including ambushes, sabotage, raids, petty warfare, hit-and-run tactics, and mobility to fight a larger and less-mobile traditional military.” (Google) There is not much known about the second servile war, though it was led by a slave named Salvius. These two wars were fueled mainly by the slave abuse occurring in parts of Italy. The third servile war is the most famous, and was led by the gladiator Spartacus, who was a Thracian gladiator. Gladiators are

By March, 1943 meat, cheese, fats, canned fish, and canned milk had been added to a list of rationing items. People had to register to buy a book filled with stamps. The could use the stamps to buy restricted items. In 1943 people liked to trade stamps for other stamps with different families and people.

Walzer (1977) defines times of supreme emergency when those conditions he specifies for the conduct of a just war can be set aside.

War bonds were designed to help finance the military during wars like WWI and WWII. The New York Times states that an appropriation bill (authorizes the government to spend money) for $4,800,000,000 was pending for WWI. The government was about to begin a number of programs to relieve the unemployment situation. (pause) We weren’t sure of a way to do it, but then Secretary of Treasury, Henry Morgenthau, Jr. found a way to get the money, without having to get a loan from other countries and raise our own debt. (pause)

The economic impact of WWI meant that there were shortages of all produce, most importantly food. Consequently, rationing of bread, tea, sugar and meat was introduced in 1918. This was widely welcomed by the British public, as a voluntary rationing system had been introduced a year before, and people were eager to see their neighbours taking part as they were.

It required vast armies of mercenary troops and this was a large drain on state resources. All countries involved in the war went nearly broke because of the size of their respective armies and this in turn had a devastating impact on the economies as a whole.

The government was already spending money even before President Roosevelt announced United States involvement in the war by helping the Allies (American Press 4). The Government spent 42 billion dollars in supporting them (American Press 4). The combination of taxation and war bonds funded the war effort after the attack on Pearl Harbor. Twenty- five to fifty

War bonds acted as both an investment in the country and the buyer 's financial future. These war bonds helped finance the military operations and machinery during the war.