Archive for the ‘US War Bonds’ Category

Paying for a Total War: The War Bond Drives

Monday, January 10th, 2011

WWII Patriotic Poster

One striking aspect of the Second World War, when viewed from a distance of three or four generations, is the universality of the conflict. The public at large seems more in touch with “American Idol” than the progress of the Iraq and Afghanistan wars. But during WWII it seems there was hardly a block that didn’t have at least one or two blue stars in the window (a family that had a son, or husband in the service would hand a small banner with a blue star for each service member, the blue being a prayer for a safe return, a gold star signifies the loss of a serviceman.) Everyone, it seemed, did their part for the war effort.

One aspect of this community effort to win the war was the War Bond Drives. The government needed money for the fight, and so it borrowed it from the American people.  Advertisements for the bonds ranged from subtle mentions on printed material to old time radio advertisements to large scale rallies featuring the top Hollywood film stars. In many communities there were kiosks, in areas that had significant foot traffic, staffed with pretty girls selling War Bonds.

Not only were there whole variety programs on the radio dedicated to soliciting War Bonds, but there were small dramas dedicated to the effort, such as These are Our Men. The terrific response Kate Smith’s marathon War Bond drives demonstrated not only fans loyalty to the star, but also allowed them to feel they were part of the War Effort.

Popular programming was part of the effort as well. Hardly an episode of Fibber McGee and Molly or The Great Gildersleeve passed without a War Bond appeal from the stars or the announcer, often both. Many episodes of Fibber McGee and Molly were dedicated to war bond drives or other Home Front war efforts.

Enjoy this bond selling episode from Guest Star Radio Theater starring Bob Hope & Bing Crosby from April 10, 1947:

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US War Bonds on Old Time Radio

Monday, January 3rd, 2011

The Second World War was not only a test of American Might, Engineering, Fortitude, and Patriotism. It was expensive.

The Federal budget swelled from nine billion dollars in 1939 to 98 billion in 1945. The 300 billion dollars that Uncle Sam spent winning the war had to come from somewhere; taxation greatly increased, but it would never cover the full amount. Despite fears of an increased deficit, more than half of the money would have to be borrowed. The government chose to borrow from the American people in the form of national defense bonds. A Series E Defense Bond purchased for $18.75 would mature in ten years and yield $25. For those who would have difficulty buying an entire bond, ten cent stamps were sold that could be collected in a Treasury Department approved album until enough stamps were accumulated to purchase a bond.

The advertising campaign for War Bonds was phenomenal in its scope. Rallies were held featuring both local and national celebrities. Norman Rockwell’s series of paintings, The Four Freedoms, was displayed on tour, and raised $132 million. The Music Publishers Protective Association encouraged its members to print “Buy U.S. War Bonds and Stamps” and other patriotic messages on the front of their sheet music. In Portland, OR, Bond Booths were set up in hotel and movie theater lobbies, and staffed by 561 volunteers, mostly women.

Radio had an incredible power to reach people during the War years, and the War Finance Committee and the War Advertising Council would make the most of it. From small mentions of Bonds in popular series (Bob Hope‘s closing “Bye bye and buy Bonds” is almost his signature,) to whole shows dedicated to the patriotic need to purchase Bonds, no effort was missed. Popular variety programs produced by, or with the cooperation of the Treasury Department included Guest Star Radio, Keep Em Rollin, Music for Millions, Over Here, Treasury Salute, and Treasury Star Parade.