What items do you own that could be used to help the war effort? Meaning, what items do you have that you should conserve or donate to support the war?
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6.6 Paying for War
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Wage and Price Controls
Afraid of inflation
Office of Economic Stabilization: regulated wages and the prices of farm products
Office of Price Administration: regulated prices of everything else
War Labor Board: tried to prevent strikes and mediated wage disputes
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The Cost of War
$300 billion for WWII
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War Bonds
Tried raising taxes
Not enough
Had to issue bonds
Loan to the government
E-Bonds: most common
Sold for $18.75 and could be redeemed for $25 in 10 years
Bought by individuals, banks, insurance companies, and other financials institutions
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V for Victory
Made popular by Winston Churchill
Appeared on stamps, posters, buttons, and women’s hairstyles
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Victory Gardens
To produce more food for the war
Backyards
Schoolyards
City parks
Empty lots
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Rationing
Limiting use of certain goods to make sure there was enough for the military
Meat and sugar were rationed
Driving was restricted and speed limits were lowered to save gas and rubber
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Red Fish, Blue Fish
Monthly coupon books
Blue coupons/blue points: processed foods
Red coupons/red points: meats, fats, and oils
Other colors: other goods
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Scrap Drives
Collected raw materials: rubber, tin, aluminum, and steel
Collected oils and fats
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Office of War Information
Put out propaganda
Purposes:
Promote patriotism
Warn about foreign spies
Recruit women into war work
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The Hollywood Machine
Hollywood produced 100s of war movies
Taught people who the heroes and the villains were
Reminded people to ration, donate to scrap drives, buy bonds, and grow victory gardens