Financing World War II: American Borrowing--Children

Boy Scouts War bonds
Figure 1.--Boy Scouts helped with the War Bond drives in variou ways. Thus Scout is helping pass out fliers. The caption read, "First 'Boy Scout Poster' Presented at City Hall New York City: First of the 52,000 Third War Bond posters to be distributed throughoutNew York City, Septenber 4 by 5,000 Boy Scouts, gies to Acting MayorNewbold Morris at City Hall. Frank Conley, 12, First Class Boy Scout of Troop 613, N.Y.C., presents the poster as one of the Government Dispatch Bearers/ Secreatry of the Treasury Morgenthau has authorized the Boy Scouts of America to distribute thousands of these posters throughout the nation, tomorow." The photograph was dated September 3, 1943. Note the poster illustration showing American airborn troops. The Germans introduced airborn operations to combat (1940), but after Creete (1941) hesitated to use them. Based on the German example, the U.S. Army developed airborn divisions. They were first used in Sicily (1943), a few months before this photograph was taken. And while hit by friendly fire, played a key role in the success of American landings. They would go on to play an even more important role in Normandy (1944).

Even children participated in the effort to finance the War. Kidscwanted to support the war effort. many had brothers and fathers in the servuces. Boy Scouts helped to destribute fliers about the War Bond Drives. And childrencould buy Defense Saving Stamps for as little as 10c. That doesn't sound like much today, but in 1940, a dime had real value for a kid. You could buy a candy bar or a soda for 5c. A comic book cost 10c. The children purchased the stamps every week in their schools. And when they filled up their book a $25 bond would be issued to them. The stamps were early in the War sometimes referred to a Liberty Stamps because this was the term used in World War I. The stamps with the Minute Man were issued in denominations from 10c to $5.00. The children of course mostly purchased the 10c stamps.







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Created: 9:39 AM 1/4/2014
Last updated: 9:39 AM 1/4/2014