The strong patriotic tie to supporting our country’s defense program during WWII had millions of Americans flocking to banks to purchase savings bonds.
Spring Lake, New Jersey (PRWEB) June 27, 2013
SavingsBonds.com pays tribute to the iconic American Investment during Fourth Of July Holiday. U.S. Savings Bonds viewed as a patriotic investment for over 78 years.
U.S. Savings Bonds are as American as hot dogs, baseball, apple pie and Chevrolets, according to SavingsBonds.com. Americans are still purchasing savings bonds for their safety, security, and patriotic reasons.
“Savings Bonds are an affordable investment and an easy way for me to save for my children’s education and help fund my retirement,” indicates savings bond owner Michael S., from Pittsburgh, PA. He adds, “I also like purchasing an American investment.”
In February, 1935, President Franklin D. Roosevelt signed legislation that introduced the first U.S. Savings Bond. In March, 1935, the first Series A Savings Bond was issued. From 1935-1941, Series A-D Savings Bonds, also known as “Baby Bonds”, were sold.
In 1941, the Series E Savings Bond was introduced and Savings Bond sales nearly tripled to approximately 3 billion dollars. Savings bonds were touted by the government as a way for Americans to do their part to support the country during WWII. Marketing campaigns ran throughout America that included Hollywood celebrities such as Carole Lombard, Clark Gable, Judy Garland, Lassie and Superman to help promote savings bond sales.
The strong patriotic tie to supporting our country’s defense program during WWII had millions of Americans flocking to banks to purchase the investment. From 1941-1944, sales for Series E Savings Bonds – also known as War Bonds - saw a steady climb, reaching over sixteen billion dollars in sales in 1944. American patriotism ran very high during that time. A national volunteer program began. Housewives, schools and even U.S. companies, through payroll savings programs, also helped promote bond sales.
Over the last 78 years, over 14 different series of U.S. savings bonds have been introduced. During subsequent times of war, such as the Vietnam War and even the War on Terror following the 2001 terrorist attacks on America, savings bond sales spiked. It demonstrates a continued tradition of supporting the country in a time of need and why Americans still view U.S. savings bonds as a patriotic investment.
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