Politics
War bonds
Debt securities issued by a government to finance military operations without raising taxes to an unpopular level, and also a means of removing money from circulation to control inflation. Appeals to buy them leaned on patriotism and conscience; the United States issued Liberty Bonds in 1917 and 1918.
Mentioned in
- Chapter VI The Year of Revolutions §2 America Enters, and the World Follows
- Chapter VIII The Reckoning and the Remaking §6 Germany's Troubled Birth: From Weimar to the Putsch
- Chapter XII The Home Fronts §1 Total War and the Rise of the State