War Bond
War bonds are debt securities issued by a government for the purpose of financing military operations during times of war. War bonds generate capital for the government and make civilians feel involved in their national militaries. This system is also useful as a means of controlling inflation in such an overstimulated economy by removing money from circulation until hopefully after the war is concluded. At that point, the funds could be liquidated and serve as a stimulus to encourage consumer spending for the economy transitioning to peacetime activity. Exhortations to buy war bonds are often accompanied with appeals to patriotism and conscience. Government-issued war bonds tend to have a yield which is below market value and are often made available in a wide range of denominations to make them affordable to all citizens.
Read more about War Bond: Before World War I
Famous quotes containing the words war and/or bond:
“Haven’t you heard, though,
About the ships where war has found them out
At sea, about the towns where war has come
Through opening clouds at night with droning speed
Further o’erhead than all but stars and angels
And children in the ships and in the towns?”
—Robert Frost (1874–1963)
“Every doctor will allow a colleague to decimate a whole countryside sooner than violate the bond of professional etiquet by giving him away.”
—George Bernard Shaw (1856–1950)