War Bonds Explained

War Bonds Explained

Wars are expensive, world wars doubly so, and that meant governments were fighting for every penny. They raised taxes, introduced rationing, and took on loans. But after all that, they still had to borrow money from their own citizens in the form of War Bonds. So what is a War Bond and how did states their citizens, including children, to pay up?

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British recruitment poster, 1914.
IWM PST 2734
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First World War
IWM Stories
IWM Stories tackle the big conflict questions that you want answered. From First World War tanks to Churchill's election disaster.
A Breaching whale superimposed over munitions factory workers. The text reads: The forgotten victims of the First World War
First World War
The forgotten animals of the First World War
The First World War was the first 'total war'. That meant that every facet of each nation was focused on the war effort and that nothing was out of reach. The victims of this new global conflict stretched beyond the soldiers in the trenches and the civilians caught in the crossfire. So who were the forgotten victims of the First World War and why were they so important?