How did the US pay for World War 1?

Answer 1

The U.S government had to raise taxes multiple times to pay for the war and needs like food, weapons, health care and transportation with the people getting drafted and in order to pay for all that the government had to increase taxes.

The government also encouraged the citizens to eat less so they could send what was left over to aid the war effort. The government also encouraged the use of car pooling to save gas as well as money.

"War bonds" were also used in an attempt to pay off the Great War's expense, and citizens were encouraged to buy as many as they could. This was similar to the Stock Market, in that the money used to buy bonds went to the war effort, and at the end of the war, the citizens would get their money back, plus a little extra.

Answer 2

In 1913, with the creation of the Federal Reserve, America mobilized its credit and was able to finance every power in World War 1.

Without a centralized system the public's money could not be used at the discretion of the government, who was under the influence of the banks and corporations that exploited it and controlled the Fed.

In fact, World War 1 could not have happened without the Federal Reserve. Europe was broke.

American outfitters and the banks themselves got rich (on interest paid on the loans) but the public (who provided the principal) never got paid back.

So in reality, American citizens paid for the war in blood and gold and got nothing back. Like all modern wars, it was a scheme by the bankers to get rich at the expense of the public.

See Eustace Mullins - Secrets of the Federal Reserve.

Answer 3

In the time leading up to World War I, Canadians saw a bad financial period initially grow worse. It borrowed money from both Great Britain as well as the United States, thinking the war would soon be over. Unfortunately, it didn't end quickly. As a last resort, the Canadian government borrowed from its own citizens. They received a very positive outpouring of support, and ended up having more than enough funding to carry them through the war.

Answer 4

Canadians distinguished themselves on the battlefield and by the end of the war were used as shock troops, spearheading almost every major battle. When Germans saw Canadians moving into the lines, they knew to prepare for an imminent and aggressive attack. The first mass use of poison gas in history was defended by Canadians followed by a successful counterattack in the Second Battle of Ypres, and marked the first time a former colony defeated a European power on European soil. Canada's large contributions, especially relative to its low population, helped shape Canadian identity and still endures today.

Answer 5

Most of the money came from loans. Canada (the Government) received $100 million from canadians. Debt continued to increase - between 1913 and 1918 the debt went from $463 mil to $2.46 billion.

Answer 6

Canada help pay for ww1 by

• selling government bonds to investors
• victory bonds
• direct tax(income)

Answer 7

Otter Fur and Maple Syrup

Answer 8

Canada spent $1,665,576,000