jun 19, 1919 - Paying for the War

Description:

$35 billion = cost of war (not including costs after the war (ex veteran care)).

The US makes a plan to generate money:
- More taxes: income, liquor, tobacco, and luxury items.

Liberty Loan Bonds = greatest source of funds for the war. Civilians could buy these to loan $ to the gov. Usually around $100. When the war ends, the gov would pay citizens back with a little interest too. Idea that if most Americans do it, it’ll add up to a substantial sum. They fund about ⅔ of the war!

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