WW2 was not a cheap war. From all the new weapons, and all the gear for the soldiers, it was pretty pricey. So how did America pay for all of this?
Websites:
1. MRUniversity
This website is credible because it is a university. Also, the hyperlinks work and there is contact information given. You can even sign up for the college! Also, credit is given to authors and editors.
This website is credible because it is a university. Also, the hyperlinks work and there is contact information given. You can even sign up for the college! Also, credit is given to authors and editors.
2. National WW2 Museum
This website is credible because it's a .org site. Also, there is contact information given to reach the website owners. The hyperlinks also work.
This website is credible because it's a .org site. Also, there is contact information given to reach the website owners. The hyperlinks also work.
3. Wikipedia
This website is credible because it is a .org site. Also, the hyperlinks on the website work and function as they should. There is even references to the authors of some of the work, and contact information is given. Also, the dates are updated.
This website is credible because it is a .org site. Also, the hyperlinks on the website work and function as they should. There is even references to the authors of some of the work, and contact information is given. Also, the dates are updated.
Answers:
Website #1- This website didn't give a ton of information regarding the cost of the war, however it did asnwer the question. "To a degree that will surprise many, the US funded its World War II effort largely by raising taxes and tapping into Americans' personal savings" (Website 1). Since the U.S didn't really expect to get into war, they hda to do some other things to get money for the war. It's not like they had money sitting around soley based on the war. "The "Victory Tax" of 1942 sharply raised income tax rates and allowed, for the first time in our nation's history, taxes to be withheld directly from paychecks" (Website 1). This is significant because this was a first for America. However, it was necessary to help the war cause. Another way America funded the war was by savings that they had. "...savings, which was the War's primary source of funding" (Website 1). America did have a savings account, however it is not believed to be soley dedicated to war. Another huge way the war was funded was by war bonds. "During the War, Americans purchased approximately $186 billion worth of war bonds, accounting for nearly three quarters of total federal spending from 1941-1945" (Website 1). War bonds were bonds that people could by to help support the war. They were not the best way to support, but every penny helped.
Website #2- This website answered the question a bit better. It didn't nesecarily say how America paid, as in with money, for the war, but it said how America helped support the war and soldiers. "To conserve and produce more food, a "Food for Victory" campaign was launched" (Website 2). This campaign helped the war cause by sending food to the soldiers. "They produced over 1 billion tons of food" (Website 2). This food greatly helped the war cause. Another way America helped support the war was by the government raising taxes. "To help pay for the war, the government increased corporate and personal income taxes" (Website 2). Although some American people did not like this, I'm sure most didn't mind because they were helping their boys win the war. Another important way America funded the war was by using the economy. "America's economy performed astonishing feats during World War II. Manufacturers retooled their plants to produce war goods" (Website 2). Not only did small companies contribute to the war, but bigger ones, too. "Soon huge new factories, built with government and private funds, appeared around the nation" (Website 2). With these bigger corparations contributing the war effort, are boys back home could do a lot better. America also helped pay for the war by increasing the defense spending price. "...defense spending jumped from $1.5 billion in 1940 to $81.5 billion in 1945. By 1944 America led the world in arms production, making more than enough to fill its military needs" (Website 2). This website not only listed ways money wise for the war, but also how American people contributed and paid for it, too.
Website #3- This website gave a ton of information as to how America paid for WW2. "The United States home front during World War II supported the war effort in many ways, including a wide range of volunteer efforts and submitting to government-managed rationing and price controls" (Website 3). Most people agreed that sacrafices needed to be made in order for the war to be successful. " Everyone agreed that the sacrifices were for the national good "for the duration"" (Website 3). In order for the war to be funded, Americans back home had to contribute. Propoganda was a great way to get Americans to help pay for the war. "The Hollywood film industry was important for propaganda. Every aspect of life from politics to personal savings changed when put on a wartime footing" (Website 3). Propoganda plays a huge part in war time. Most of the time, when people see what they need to do on a screen (plus, when everyone else is doing it), they'll contribute as well. Another way to help pay for the war was to 'save' money. America cut down on buying things that could be used to help the war. "Production of most durable goods, like cars, new housing, vacuum cleaners, and kitchen appliances, was banned until the war ended" (Website 3). These goods were needed more for the boys that were fighting the war, and most American people understood that. Rasing taxes also played a huge part in supplying money for the war. Since personal income for America was doing pretty good, taxes were raised. "Federal tax policy was highly contentious during the war, with President Franklin D. Roosevelt battling a conservative Congress. However, both sides agreed on the need for high taxes (along with heavy borrowing) to pay for the war" (Website 3). This website was a great source, and there is a lot more to it as to how the war wa paid for, and how Americans helped fund it.
Website #2- This website answered the question a bit better. It didn't nesecarily say how America paid, as in with money, for the war, but it said how America helped support the war and soldiers. "To conserve and produce more food, a "Food for Victory" campaign was launched" (Website 2). This campaign helped the war cause by sending food to the soldiers. "They produced over 1 billion tons of food" (Website 2). This food greatly helped the war cause. Another way America helped support the war was by the government raising taxes. "To help pay for the war, the government increased corporate and personal income taxes" (Website 2). Although some American people did not like this, I'm sure most didn't mind because they were helping their boys win the war. Another important way America funded the war was by using the economy. "America's economy performed astonishing feats during World War II. Manufacturers retooled their plants to produce war goods" (Website 2). Not only did small companies contribute to the war, but bigger ones, too. "Soon huge new factories, built with government and private funds, appeared around the nation" (Website 2). With these bigger corparations contributing the war effort, are boys back home could do a lot better. America also helped pay for the war by increasing the defense spending price. "...defense spending jumped from $1.5 billion in 1940 to $81.5 billion in 1945. By 1944 America led the world in arms production, making more than enough to fill its military needs" (Website 2). This website not only listed ways money wise for the war, but also how American people contributed and paid for it, too.
Website #3- This website gave a ton of information as to how America paid for WW2. "The United States home front during World War II supported the war effort in many ways, including a wide range of volunteer efforts and submitting to government-managed rationing and price controls" (Website 3). Most people agreed that sacrafices needed to be made in order for the war to be successful. " Everyone agreed that the sacrifices were for the national good "for the duration"" (Website 3). In order for the war to be funded, Americans back home had to contribute. Propoganda was a great way to get Americans to help pay for the war. "The Hollywood film industry was important for propaganda. Every aspect of life from politics to personal savings changed when put on a wartime footing" (Website 3). Propoganda plays a huge part in war time. Most of the time, when people see what they need to do on a screen (plus, when everyone else is doing it), they'll contribute as well. Another way to help pay for the war was to 'save' money. America cut down on buying things that could be used to help the war. "Production of most durable goods, like cars, new housing, vacuum cleaners, and kitchen appliances, was banned until the war ended" (Website 3). These goods were needed more for the boys that were fighting the war, and most American people understood that. Rasing taxes also played a huge part in supplying money for the war. Since personal income for America was doing pretty good, taxes were raised. "Federal tax policy was highly contentious during the war, with President Franklin D. Roosevelt battling a conservative Congress. However, both sides agreed on the need for high taxes (along with heavy borrowing) to pay for the war" (Website 3). This website was a great source, and there is a lot more to it as to how the war wa paid for, and how Americans helped fund it.