Defining Moment

1917-1919

Progressive Era to New Era Era
Defining Moment
What Americans Were Trying To Do
What Americans Were Trying To Do

Mobilize money for war while broadening public participation in federal finance.

What Happened
What Happened

The United States financed World War I through taxes, borrowing, and Liberty Bond campaigns. The bond drives marketed public debt as patriotic participation.

How Public Finance Made It Possible
How Public Finance Made It Possible

Citizen bond finance helped the federal government mobilize vast wartime resources quickly.

What This EnabledWhat This Enabled
Americans participated financially in the warsaw federal finance enter daily civic
How Americans BenefitedHow Americans Benefited
Americans participated financially in the warsaw federal finance enter daily civic

Tax Project Institute

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