By: Kellie Beran, Alissa Pecos, and Sami Scott.
A Bond is a written and signed promise to pay a certain sum of money on a certain date, or on fulfillment of a specified condition. All documented contracts and loan agreements are bonds.
A Government Bond is a bond issued by a national government, generally with a promise to pay periodic interest payments and to repay the face value on the maturity date. Government bonds are usually denominated in the country's own currency.
Definition in our own words
Government bonds were issued in the Netherlands in 1517
First ever bond issued by a national government was issued by the Bank of England in 1693 to raise money to fund a war against France
Bank of England and government bonds were introduced in England by William lll of England
Later, governments in Europe started issuing perpetual bonds (bonds with no maturity date) to fund wars and other government spending.
World War 2
- The last time the United States issued war bonds was during World War ll
- Living in the United States with a median income during World War II meant earning about $2,000 a year
- Despite the war’s hardships, 134 million Americans were asked to purchase war bonds to help fund the war
- The war bonds actually were a loan to the government to help finance the war effort.
During WW2 the US government was asking for bonds
This poster made women feel dignified and want to buy bonds
Uncle Sam was used to try to get people to buy bonds