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The American Schools at War program was a program during World War II run by the U.S. Treasury Department, in which schoolchildren set goals to sell stamps and bonds to help the war effort. The program was also administered by the U.S. Office of Education , the Federal government agency that interfaced with the nation's school systems and its ...
After the December 1941 attack on Pearl Harbor brought the United States into World War II, Series E bonds became known as war bonds. On June 4, 1943, students of the south-central district of the Chicago Public Schools purchased $263,148.83 in war bonds—enough to finance 125 jeeps, two pursuit planes and a motorcycle.
The name of the bonds was eventually changed to War Bonds after the Japanese attack on Pearl Harbor on 7 December 1941, which resulted in the United States entering the war. The War Finance Committee was placed in charge of supervising the sale of all bonds, and the War Advertising Council promoted
Filled collection booklets could later be used to purchase Series E war bonds. For example, a full 25-cent booklet contained 75 stamps and was worth $18.75, which was the initial price of a $25 war bond. Thus, a full 25-cent booklet would be exchanged for a $25 war bond with a time to maturity of ten years. [8]
The Third Liberty Loan Act was enacted on April 5, 1918. The third act specifically allowed the US government to issue $3 billion worth of war bonds at a rate of 4.5% interest for up to 10 years with an individual aggregate limit of $45,000. [2] [3] The bonds produced by the Third Liberty Loan Act were not redeemable until September 15, 1928. [4]
It was devised by the War Loans Sports Committee as a method of selling war bonds to aid in the U.S. war efforts. [2] Previously, Major League Baseball teams had each contributed revenue from one game's ticket sales to the war effort in 1943, while the New York City-based teams had helped to create an early fantasy baseball league named the ...
The cartoon was initially conceived to promote the sales of "defense bonds", which were renamed war bonds by the spring of 1942. [11] Between feature films, or between the feature films and the animated shorts, the lights of the movie theater came on and ushers collected donations from the audience to help finance the war effort. [12]
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