Defining Moment

1941-1945

Great Depression and World War II Era
Defining Moment
What Americans Were Trying To Do
What Americans Were Trying To Do

Mobilize industry, soldiers, supplies, ships, aircraft, research, and global logistics.

What Happened
What Happened

World War II finance combined mass income taxation, corporate taxes, excises, war bonds, and borrowing to fund a nationwide mobilization.

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

Public finance enabled the United States to become an arsenal, employer, lender, and global military power.

What This EnabledWhat This Enabled
Americans benefited from victoryindustrial expansionwhile millions participated through taxesbonds
How Americans BenefitedHow Americans Benefited
Americans benefited from victoryindustrial expansionwhile millions participated through taxesbonds

Tax Project Institute

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