How was World War 2 financed?

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1038484

2026-08-16 01:55

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The government borrowed with war bonds, treasury bills, etc. Ultimately this all rested on the backs of taxpayers. There was also some inflation of the currency. Inflation means printing more U.S. dollars. That enables the government to spend this money, and at the same time, it makes dollars worth less, thereby making the national debt less of a burden.

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