1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS22305October 20, 2005War Bonds in the Second World War: A Model for Hurricane Recovery Bonds?James M. BickleySpecialist in Public FinanceGovernment and Finance DivisionSummarySevere
2、damage and dislocations resulting from Hurricanes Katrina and Rita haverekindled congressional interest in the concept of the sale of a Treasury security tofinance recovery and relief operations. The question has been raised whether or not theissuance of war bonds during the Second World War serves
3、as a good model for new“hurricane recovery bonds.” Two bills have been introduced that would permit theissuance of some form of hurricane relief bond: H.R. 3892 and H.R. 3935.During the World War II, war bonds were sold to help finance the cost of nationaldefense. War bonds were simply a new name fo
4、r already existing U.S. savings bonds.War bonds were aggressively marketed through well organized campaigns, whichappealed to citizens sense of patriotism. Their primary purpose was to reduceconsumer spending in order to lessen inflationary pressures and black market activity.Also, campaigns to sell
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