war loans
Conflict funding instruments
War loans are bonds or other debt instruments issued by governments to finance military operations during wartime.
Citizens purchase these securities as a patriotic duty, lending money to their government with the promise of repayment plus interest after the conflict ends.
The government launched a massive campaign encouraging families to buy war loans.
War loans were particularly prominent during the World Wars, when posters and celebrity endorsements urged civilians to support the war effort through their savings.
- government bondsState-issued debt securities
- government securitiesState-backed debt instruments
- treasury notesGovernment-issued debt securities
- national debtGovernment's accumulated borrowing
- liberty bondsGovernment securities financing conflict
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