History, 17.02.2022 03:30 dthompson365

Congress passed new taxes and they used liberty bonds and victory bonds to pay for the army, navy and the supplies of war. Government placed higher taxes on the income of people and some
goods such as tobacco and railroad tickets were taxed. A Liberty Bond was money that Americans
loaned to the government to pay for the war. The government agreed to pay the money back
later...in return Americans earned a small amount of interest (additional money) for the loan.
Almost half of Americans loaned money to the government to support the war effort. The bonds
generated two thirds of the money needed to pay for the war.
1.
Why would Americans buy war bonds?

Answers: 2

Show answers

Another question on History

History, 21.06.2019 22:00

He electoral vote is tied between two presidential candidates. what happens next? the house votes to determine who wins the presidency. the senate votes to determine who wins the presidency. the presidency is decided by the supreme court. the presidency is decided by the popular vote.

Answers: 1

Answer

History, 21.06.2019 23:00

What did jesuits and the leaders of the council of trent have in common? they wanted to improve relations with protestants by making compromises. they were opposed to improving spirituality within the catholic faith. they accused people of heresy and witchcraft. they were concerned with improving religious education.

Answers: 2

Answer

History, 22.06.2019 00:30

What is a key believes of john locke in establishment of government

Answers: 1

Answer

History, 22.06.2019 00:40

Which is one reason many african nations have not prospered after gaining independence from european colonial powers? a. colonial powers sent their weakest economic advisors to the new countries, and their recommendations were flawed. b. independence left them with weak economies, and many countries have been unable to overcome or recover from these burdens. c. the desert region of the interior is inhospitable to foreign investors, and business interests focused on the coastal mediterranean cities. d. the money endowed upon independence is still tied up in the bank of england, which is hesitant to make loans to struggling nations.

Answers: 1

Answer

You know the right answer?

Congress passed new taxes and they used liberty bonds and victory bonds to pay for the army, navy...

Questions