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War bond - Definition and Overview |
| Related Words: Actuary, Addition, Adhesion, Adhesive, Adjunct, Affairs, Affiliation, Affinity, Affixation, Agglomeration, Agglutination, Aggregation, Agreement, Allegiance, Alliance |
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An American War Bonds poster from 1942 War bonds were a form of savings bond used in the United States and Canada to help fund World War I and World War II. They were also a measure to manage inflation by removing money from the economy heated up by the war efforts.
During World War II, in the U.S. there was a promotional cardboard container with slots for quarters. There were 75 slots for $18.75 in quarters. When it was full, one turned it in at the postoffice for a $25 war bond which matured in 10 years.
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