War and the Economy

photograph of

Image from Correspondence with the Treasury Department: Members and Staff of the Liberty Loan Committee in the Second District, page 38.

War finance is the area of public finance and economics devoted to the collection and use of resources to fund and supply wars. In the United States, this has been tied to the creation of public war finance corporations and the sale of government bonds to the general population as a fund-raising effort. Wartime has also affected people at home through changes in availability and types of employment, food, and goods.

Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102