Bonds & Interest RatesHistory of Bonds

Buy a Bond, Win a War

Tens of millions of Americans lent money for World War II

In the 1940s, kids licked 25-cent stamps into little books and lent the money to their country. What could quarters add up to?

You'll find out

  • What a book of 75 stamps bought
  • The star who sold $2 million in a night
  • How many Americans became lenders

Why it matters

War bonds turned ordinary savings into a country's biggest project. It was a loan, and it was paid back.

About 3 min6 interactive slides · 5 questionsLesson 93 · Zone 11

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More in this zone

  1. 91BondsA Bond Is an IOULend money, get paid back with interest
  2. 92BondsCoupon, Maturity, Face ValueThe three numbers on every bond
  3. 94BondsWho Borrows With BondsGovernments, cities and companies
  4. 95Interest RatesThe Bond SeesawWhen rates rise, existing bond prices fall
  5. 96PromisesA Bond Older Than AmericaA Dutch water-board bond from 1648 still pays interest to Yale today
  6. 97Bond RiskBonds Can't Lose MoneyIn 2022, US bonds had one of their worst years on record
  7. 98Sovereign DebtThe King Who Kept DefaultingPhilip II of Spain didn't pay his debts four times
  8. 99Risk PsychologyThe Price of CertaintyWe pay extra to make a risk disappear completely