Bonds of War: How Civil War Financial Agents Sold the World on the Union (Civil War America)

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Published: November 2022 At War with King Alcohol Debating Drinking and Masculinity in the Civil War In addition to providing a compelling and revealing account of the hardships endured on and off the battlefield, Diana L. Dretske draws from recent scholarship on the soldier and immigrant experience to help readers understand how the stories of these men reflected larger dynamics that shaped and were shaped by America’s bloodiest war. Theirs is an important story and one that The Bonds of War tells well.”— Ethan S. Rafuse, author of McClellan's War: The Failure of Moderation in the Struggle for the Union

Hillier, Norman. "Victory Loans". The Canadian Encyclopedia. Historica-Dominion . Retrieved 2009-12-12. The Spectator wrote at the time: “It is the people of Great Britain who must provide the cash with which to finance the war, and there is little reason to doubt that they can do it if only they will. A large part of the nation, instead of being impoverished by the war, has been enriched.”Despite the Philippines’ new status, the burgeoning Cold War allowed the United States to retain its former colony without occupying it. In 1947, Congress passed the Military Bases Agreement (MBA), compelling the Philippines to provide the US twenty-three military installations. It was, in the words of president Sergio Osmeña, “a virtual nullification of Philippine independence.” At the same time, US military bases became the second-largest employer in the country, making base towns “want war — and pray for war.”

The provision that the secretary of Treasury chair the Federal Reserve’s Board of Governors was eliminated in 1936. War bonds provided Americans with a sense of pride and patriotism as they helped with the war efforts.

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Barclays bond strategist Moyeen Islam said: “For those of us who love the gilt market, it’s a sad day – there’s a few old-timers crying in the corner. But it’s symbolic more than anything.”

Bird, William L. Jr; Rubenstein, Harry R. (1998). Design for victory: World War II posters on the American home front. New York: Princeton Architectural Press.For Filipinos in the United States, the war on terror solidified longstanding connections between “American patriotism and military service” that made them “evocative symbols both of Filipino Americans’ loyalties and the American government’s broken promises.” In the Philippines, however, those symbols currently echo in the dictatorship of Rodrigo Duterte, a former member of the People Power revolution whose anti-American statements resonate with Filipinos, but who refuses to cancel military agreements that keep US troops in his country. The first three Liberty bonds, and the Victory Loan, were retired during the course of the 1920s. However, because the terms of the bonds allowed them to be traded for the later bonds which had superior terms, most of the debt from the first, second, and third Liberty bonds was rolled into the fourth issue. Ukraine to sell 'war bonds' to fund armed forces". BBC News. 1 March 2022 . Retrieved 1 March 2022.