Bonds of War: How Civil War Financial Agents Sold the World on the Union (Civil War America)

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Bonds of War: How Civil War Financial Agents Sold the World on the Union (Civil War America)

Bonds of War: How Civil War Financial Agents Sold the World on the Union (Civil War America)

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This power of America’s empire thus lies in the invisible, compulsory labor required to keep it running. Historian Daniel Immerwahr has argued that Americans have a long history of hiding their empire — its “pointillist” archipelago of military bases, territories, and colonies. But if the American empire is hidden it is because it is everywhere — in the working-class migrants from America’s territories, the welfarist incentives for military service, the local and imported labor needed to operate eight hundred military bases around the globe, the economic and military arrangements between the United States and its allies and client states that provide jobs in a globalized economy. A common consensus was that more needed to be done to sell the bonds to small investors and the common man, rather than large concerns. The poor reception of the first issue resulted in a convertible re-issue five months later at the higher interest rate of 4% and with more favorable tax terms. When the new issue arrived it also sold below par, although the Times noted that "no Government bonds can sell at par except temporarily and by accident." [4] The subsequent 4.25% bond priced as low as 94 cents upon arrival. [5] https://www.cnbc.com/2022/03/02/ukraine-raises-270-million-from-sale-of-war-bonds-to-fund-army.html#:~:text=billion%20Ukrainian%20hryvnia%20(-,%24270%20million,-).

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About Gilts". UK Debt Management Office. Archived from the original on 2016-11-10 . Retrieved 2015-11-04. Bonds of War” examines how these bonds were marketed and sold, how the bonds grew in the U.S., and overseas, and what the long term consequences were for the American and world economies. Jay Cooke worked very closely with Treasury Secretary Salmon Chase and others throughout the war, during Reconstruction and throughout the nineteenth century so his efforts are at the center of this important title. He makes an important point that confidence became a domestic commodity, which contributed to the strength and durability of the economy during the Civil War period than the emphasis of cotton and slavery during the antebellum period in the U.S. In the 1906 Bud Dajo and 1913 Bud Bagsak massacres, hundreds of Muslim minority Moros (men, women, and children) were killed by Philippine Scouts (some of them Moros too) because the US military feared they were “plotting the slaughter of Americans.” Army officials decried the Scouts’ excesses at Bud Bagsak, while patronizingly upholding Filipinos’ qualifications for military service — Filipinos had to run their own nation, they self-servingly claimed. Kimble, James J. (2006). Mobilizing the home front: war bonds and domestic propaganda. Dallas: Texas A&M University Press. ISBN 1-58544-485-5. The Vietnam War widened the gulf between Filipinos in the two nations. Filipino Americans drafted in the war were placed in the same servant positions they worked in during World War I and confronted the same racism within the military’s ranks. Vietnam gave Filipinos greater leverage in proving their loyalty to the United States and an opportunity to demand more from Lyndon Johnson’s Great Society (as Americans, Filipinos were “entitled to services,” they argued).

Bonds of War remind[s] us that the Civil War energized the nation’s transformation from a modest and decentralized economic actor into the global juggernaut of the twentieth and twenty-first centuries. . . . Impressive research . . . Thomson also offers a fascinating snapshot of the European trade in American bonds."— New York Review of Books a b Horn, Martin (2002). Britain, France, and the financing of the First World War. McGill-Queen's Press. p.82. ISBN 978-0-7735-2294-7.Bound By War is more than just a revisionist account of the US-Philippines conflict. Capozzola provides us with a complex, if at times meandering, history of US empire that should inform our thinking about American global power in the present. For Filipinos, military conscription and racialized, low-wage labor were indistinguishable in the ends they served: the demands of the colony. The U.S. government issued a new series of war bonds in 1941, when the E bond series was introduced to help fund World War II. Everyone from Hollywood stars to bankers promoted the program, which tens of millions of families bought into over six decades. After initially helping with war funding, E bonds were issued as savings bonds for many more years. The series originally was issued for a fixed term of 10 years, but with extensions some bonds earned interest for as long as 40 years. No E bonds earned interest after 2010. This book, the most intensive examination of the 96th Illinois Volunteer Infantry since the regiment’s history was published in 1887 centers on immigrants from the British Isles who wished to be citizens of a country at war with itself. Far removed from their native homelands, they found new promise in rural Illinois. These men, neighbors along the quiet Stateline Road in Lake County, decide to join the fighting at its most dangerous hour. The bonds of war become then the bonds of their new national identity.



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