Chapter

Saving for Democracy

Kiku Adatto

in Thrift and Thriving in America

Published in print July 2011 | ISBN: 9780199769063
Published online May 2012 | e-ISBN: 9780199896851 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199769063.003.0016
Saving for Democracy

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This chapter recounts the war bond campaign of the Second World War, illustrating a notion of thrift fully embedded in a social attempt to serve the greater good. Saving money was equated directly with service to the nation and was pitched as a duty of sacrifice to support the war effort. One of the central characteristics of this campaign was that it enabled everyone down to newspaper boys to participate in a society-wide thrift movement. As such, the World War II war bond effort put thrift in the service of democracy, both in the sense that it directly supported the war being fought for democratic ideals and in the sense that it allowed the participation of all sectors in the American war effort. This national ethic of collective thrift for the greater good largely died in the prosperity that followed World War II, and it has not been restored even during subsequent wars in the latter part of the 20th century.

Keywords: Second World War; war bonds; thrift; democracy; war effort

Chapter.  16876 words. 

Subjects: Economic Sociology

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