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In average wars; Korean, Vietnam, Afghanistan, Iraq, the USA government financed it with taxes. In Big wars like WWI and WWII; war bonds were sold to help pay for the cost of fighting the war.

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13y ago
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7y ago

The government increased taxes to finance much of the war. The government sold war bonds to help finance the war. The government practiced deficit spending during the war.

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Q: What best describes how the federal goverment financed the war effort?
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