Fema Employment

Where did the US get the money to run the war?

The 40s and 50s were the era of unprecedented economic growth in the US economy. The reason for this was because literally everyone gained full employment in the US during the second world war. The US military industry was running full steam in its effort to produce war machines for the war. However, where did the US government get the money to run the industry, order the machines and pay the workers? Where did the money come from?

Public Comments

1. mars
2. ahahaha tax payers money of course.
3. they made it!
4. Ever hear of "War Bonds"? There were drives to give a portion of peoples' pay checks as loans to the government to pay for the war. The government paid them back at about 2% interest. Companies, farmers, etc. forgoed profit for those years too. In fact, it was illegal to make a profit during the war. Everyone sacrificed for the common good. Think Haliburton or Blackwater would go for that?
5. Don't Know About Back Then Mate But These Days You Can Bet Most Of It Is Coming From Deals With Saudi Arabia!
6. i suppose from the tax payers.
7. ur guess is as good as mine. money was stolen?
8. The same place it is getting the $6$6$6 for the Iraq war now and will continue to create / get for this war scheduled to continue for the next decade and which will not raise taxes all that much. From the stroke of governments almighty pen and bumping the debt deficit into the trillion stratosphere. Then government can just forgive the debt because it or we surely can't pay it back.
9. If you think the US is doing this war for free you are wrong. My friend the US is sucking oil from the gulf including Iraq and Kuwait as expenses and some money come from taxes.
10. Taxes help to pay for the war. I think what a lot of people don't realize too is that governments don't necessarily need to have cash on hand to pay for things. Governments get loans from individuals(government bonds) and even other countries. That is how we can have a deficit. To respond to one other answerer, we do not make money to pay for things. The government works with the current money supply. For them to increase it just to buy some tanks would have serious effects on the rest of the economy. Either Germany or Russia(I know, I get them mixed up all the time) owed a lot of countries a lot of money they couldn't pay back after WWI. In order to repay their debt, they just minted all the money they needed. Well, they got out of debt but their currency became essentially worthless because there was too much in circulation. It sent them into a horrific depression that they have still not recovered from.
11. Basically stealing off the battered European countries after WW1, since the USA was the only Economy which soared just after WW1, due to them being so bloody later, they thought fleecing the countries badly affected would aid their economy...which is how they became the modern superpower.