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ID:1390758
User:68.14.212.44
Article:United States home front during World War II
Diff:
(Internment of Japanese Americans)
(Personal savings)
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===Personal savings===
 
===Personal savings===
Personal income was at an all-time high, and more dollars were chasing fewer goods to purchase. This was a recipe for economic disaster that was largely avoided because Americans&mdash;cajoled daily by their government to do so&mdash;were also saving money at an all-time high rate, mostly in War Bonds but also in private savings accounts and insurance policies. Consumer saving was strongly encouraged through investment in [[War bonds]] that would mature after the war. Most workers had an automatic payroll deduction; children collected savings stamps until they had enough to buy a bond. Bond rallies were held throughout the U.S. with famous celebrities, usually Hollywood film stars, to enhance the bond advertising effectiveness. Several stars were responsible for personal appearance tours that netted multiple millions of dollars in bond pledges&mdash;an astonishing amount in 1943. The public paid 3/4 of the face value of a war bond, and received the full face value back after a set number of years. This shifted their consumption from the war to postwar, and allowed over 40% of GDP to go to military spending, with moderate inflation.<ref>Inflaetion existed because not all prices were controlled, and even when they were prices rose as "sales" disappeared, low-end items were less available, and quality deteriorated.</ref> Americans were challenged to put "at least 10% of every paycheck into Bonds". Compliance was very high, with entire factories of workers earning a special "Minuteman" flag to fly over their plant if all workers belonged to the "Ten Percent Club". There were seven major War Loan drives, all of which exceeded their goals.<ref>James J. Kimble, ''Mobilizing the Home Front: War Bonds And Domestic Propaganda'' (Presidential Rhetoric Series) (2006)</ref>
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Personal income was at an all-time high, and more dollars were chasing fewer goods to purchase. This was a recipe for economic disaster that was largely avoided because Americans&mdash;cajoled daily by their government to do so&mdash;were also saving money at an all-time high rate, mostly in War Bonds but also in private savings accounts and insurance policies. Consumer saving was strongly encouraged through investment in [[War bonds]] that would mature after the war. Most workers had an automatic payroll deduction; children collected savings stamps until they had enough to buy a bond. Bond rallies were held throughout the U.S. with famous celebrities, usually Hollywood film stars, to enhance the bond advertising effectiveness. Several stars were responsible for personal appearance tours that netted multiple millions of dollars in bond pledges&mdash;an astonishing amount in 1943. The public paid 3/4 of the face value of a war bond, and received the full face value back after a set number of years. This shifted their consumption from the war to postwar, and allowed over 40% of GDP to go to military spending, with moderate inflation.<ref>Inflaetion existed because not all prices were controlled, and even when they were prices rose as "sales" disappeared, low-end items were less available, and quality deteriorated.HEEEEEEEYYYY.</ref> Americans were challenged to put "at least 10% of every paycheck into Bonds". Compliance was very high, with entire factories of workers earning a special "Minuteman" flag to fly over their plant if all workers belonged to the "Ten Percent Club". There were seven major War Loan drives, all of which exceeded their goals.<ref>James J. Kimble, ''Mobilizing the Home Front: War Bonds And Domestic Propaganda'' (Presidential Rhetoric Series) (2006)</ref>
   
 
===Labor===
 
===Labor===
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