|
The "Mighty 7th War Loan" was
a campaign initiated by the United States government during World War II to
raise funds for the war effort. It was the seventh in a series of war bond
drives, hence the name "Mighty 7th." War bonds were debt securities issued by
the government to finance military operations and other war-related expenses.
The campaign encouraged Americans to purchase these bonds, promoting them as
both a patriotic duty and a financial investment. The Mighty 7th War Loan drive
began in May 1945, shortly after Victory in Europe Day, and successfully raised
over $26 billion ($458B
in 2025 money), contributing significantly to the funding of the war. This
promotion appeared in the June 1945 issue of Radio News magazine. Maybe
if we went back to funding wars / conflicts by the public purchase of war bonds,
we wouldn't be running up trillion$ in debt to fund things like the Ukraine
debacle and numerous similar actions throughout the world. Our aged former war
"doves" seem to be the most hawkish people in government now - undoubtedly
because of the kickback they receive from contractors and governments. Note the
original Iwo Jima flag raising photo (taken February 23, 1945), and the 48-star
American flag.
The Mighty 7th War Loan
 Courtesy of Press Association, Inc.
|
