1) Presidential nominee Mitt Romney founded a private investment firm that is being investigated for failing to pay taxes. The tax strategy that this company uses is considered aggressive by some and illegal by others. This could mean that Romney is only paying 15% tax instead of 35% like the rest of America. Is this really illegal? Or is this something that President Obama is spreading to make Romney look bad. 2) Taxes in the U.S began in the 1760’s. This later on led to the American Revolution. From that day on, there are still taxes and problems that follow along with them. This article about Romney relates to taxes back in the 1760’s because all along people have been trying to work their way out of paying taxes just like Romney. Even though colonial taxes were much different, such as; customs, tariffs, import and exports, the issue of trying to avoid taxes will always be part of the American way. Cameron Bergey
-The unemployment rate has been big since 2007. The democrats and republicans fight over what to do. Democrats want to help and give money to the unemployed Americans but the republicans don't. The republicans want to keep every single tax cut in place, but Democrats want to let the cuts for people in the top tax brackets finish. Republicans disagree that these taxes also take many little businesses, which make jobs. Democrats have continued to begin minor stimulus packages and unemployment benefits extensions, with partial accomplishment. Only two republicans have voted for the democrats on this topic.
-How this problem is similar to in the past is that after the war, many veterans needed jobs and there weren’t many openings. Many people in the past and now have tried to fix it but have yet to succeed. In the article it says that the democrats and the republicans are trying to give people jobs but have their own way of doing that. During the reconstruction days after the war, the country had a lot of cleaning up to do and this getting people jobs was a main problem, and it still is now.
Topics that relate to Economics is the Homestead Act because it took families who volunteered, to go out and better the land in the western states. Also, another act that relates to Economics is how the economy took a major fall.
http://www.politifact.com/truth-o-meter/article/2012/jun/01/scorecard-economy-obama/ and http://www.bls.gov/eag/eag.us.htm
1) the us economy has been improving over the last 4 years. when obama took office back in 2009 the economy was at an all time low. unemployment was a major problem and obama promised he would raise the employment rate, so he was elected. since he was elected the economy has been raised a lot. the economy is riseing at a very rapid pace. if the economy continues at this pace by the end of obamas 2nd term the economy may be at an all time high.
2)this connects to what we are learning because when the miners moved west for gold and silver the economy exploded. before the miners went west the us was in debt and had a decent economy. once the miners went to the west they found gold and silver in many locations, which sent the economy skyrocketing. the us economy picked up and allowd the country to grow even further.
1.This article was about how the deficit for 2012 is 1.1 trillion dollars. This is the fourth straight year the deficit has been over 1 trillion dollars. Although it has went down from last years deficit of 1.3 trillion. Its not from an increase in spelling. Its from the increase of tax revenue! Although the basic domestic spending went down by 30 billion but the amount of money spent on medicare and social security has grown by about 42 billion dollars. 2.This connects to when the miners found gold in the U.S. It increased the amount of money out there and people bought the gold. Just like people today are buying medicare and social security stuff. Also, the increase of taxes has increased the amount of money in the country. It also connects to when the railroad was built because more people bought trade just like more people are now buying medicare.
The city of Joliet Illinois is trying to cut down on the number of African American people by taking away their subsidized housing unit by eminent domain. The city says they are trying to clean up Urban Blight, older buildings that are deteriorating. In today's economy these actions would have a devastating impact on most of the African American residents.I am relating this article to back when the settlers came to the West and took away the Native Americans land to build their own houses. They also built trains tracks and started mining on their land. With the new settlement they were basically pushing them into reservation. They basically made it impossible for them to stay. Just like how Joliet city wants to seize the control of sections of houses own by the poor black residents.
President Obama was seeking to redeem himself after from an earlier poor debate. Mitt Romney said the president is offering promises that sound good for the future. Mitt Romney also said that the Obama legacy continued unemployment. He vowed his his 5 point plan. Obama said that Mitt Romney doesn't have a 5 point plan, he has a one point plan. This article relates to the assination of Abe. Lincoln. When Abe. Lincoln was killed the people in the north were very upset. John Wilkes Booth was happy that Abe. Lincoln was gone.
President Obama was given many challenges when he was brought into office. The challenges associated with the recession would have been difficult for anyone coming into office. This year’s campaign is targeting what has been accomplished to date. Many Republicans point out that President Obama has not delivered on his campaign promises. The Democrats are quick to point out that it will take years to recover. Part of their campaign strategies is to indicate how they each plan to grow the economy.
President Obama’s plan is to strengthen trade, generating one million manufacturing jobs, slowing the growth of college tuition, and taxing the wealthy. Governor Romney has proposed a 59 point economic plan. Under his plan, he will reduce corporate tax breaks, get rid of regulations that hamper the free market, reduce government spending, and limit tax incentives.
We just got done learning about the Industrial Revolution, a time of great growth and development. We are now moving on to how tycoons became rich and developed monopolies within the different markets. If the tycoons had these two candidates to choose from, I suspect they would vote for Gov. Romney to prevent paying more taxes. Also smaller businesses would like Romney because he wants to strengthen smaller business to create more jobs. Monopolies are not permitted in this day and age.
This article is about a town named Donna in the state of Texas. It is located near the border of Mexico. Its only attraction is a corn maze which is eight acres big. If it weren't for the maze the leaders of the town know that it would go unnoticed so they spent several million dollars on an eight-lane Alliance International Bridge across the Rio Grande. They hope this will turn them into a industrial spot.
This like the cities of America while it was still developing. They first started with little things and eventually the got bigger so that they could have more jobs and become better economically.
This article is about how all across the world the stocks keep changing rapidly. One day they will be really high, and the next thing you know they will be super low. Specifically though, this article talks about go major items from major companies like Microsoft and McDonald’s have been raising pricing. People over in Asia have noticed the significant drop in the United States and realize that this could affect Asia in the long run. With this in mind Asia will stop investing as much in other companies until they see a rise in stocks. This connects to what we learned in history class because recently we learned about stocks, stockholders, dividends, etc. Back then when stocks were just discovered and brought upon, people would invest so much money just because they needed money and figured that stocks would continuously rise. Now, over 100 years later, we learn to be smarter when investing in stocks and if we see they are going to drop, stockholders won’t invest as much.
The owner of a small nuclear reactor in Wisconsin said Monday that it would close the Kewaunee Power Station early next year because it was unable to find a buyer and the plant was no longer economically viable. Also the power plant only earns 60-70 million dolars worth of electricity every year. Just for the power plant to be running it cost 140-150 million dolars a year. Also in this article it talks about how and why power plants are shut down. It said that there are power plants that have licenses that are alomost out of years and could be shut down soon. This connect to what we learned in social studies because we learned about big companies and how they lightened up the unemployment rate because they had or many jobs. If one of them where shut down so many people would loose jobs and their houses.
http://venturebeat.com/2012/05/18/facebook-cool-factor/ In this web address is the argument from teens of if Facebook becoming a corporation is "cool." many teens argue that it will ruin Facebook if it became a part of the stock market. even though currently it is worth 104 billion dollars. This relates to the actual creation of stocks and corporations. the idea was invented during the industrial revolution and the stock market kicked off. this idea is that other people can invest into a corporation and earn what the corporation earns...the only downside is that if the corporation goes bankrupt, than so does the investor.
This isn't exactly the gold at the end of the rainbow ordeal. All over the Northeast gas prices have gone up because of the "Super-storm" Sandy. However, outside of the Northeast region gas prices have been dropping. The normal gas price went to $3.47 per gallon Monday. Now this price could even drop to $3.35 by Thanksgiving. Though in New York prices are going the opposite way, at almost 3.4 cents more per gallon. This rise in gas prices relates to the change in the economy during the Civil War. The Confederate dollar became less and less of value. While it started to decrease in worth, the greenback increased in value. Also during the Revolutionary War the Confederate dollar did not even compare in value to that of the greenback.
http://newstrust.net/stories/8996845/toolbar?ref=tp My article was about the stocks dropping drastically when President Obama was reelected. The Dow Jones industrial average fell 197 points. The same partisan dynamic will be in play as the federal government tries to deal with the intimidating fiscal cliff, the automatic spending cuts and tax increases at the end of the year that threaten to push the U.S. back into recession. Healthcare companies have a smaller chance of avoiding accomplishment of Obama’s overhaul of the healthcare system. Financial sector’s hopes of dodging the Dodd-Frank rules have yet to go into effect. President Mario Draghi states in a speech that unemployment remained shockingly high and economic activity is weak. This relates to a lot that has happened during the progressive era like trying to improve America. Kayla Leidy
The online article states that gold neared a three week high peak. Gold is a dense, soft, shiny, malleable and ductile metal. It is a chemical element with the symbol "Au" and has an atomic number of 79. It's used mainly for jewlery and in the 1800's Gold was very precious and sought. Rumors of finding Gold in the western parts of North America was a leading factor in the United States expansion to the west. It was very valuable and could be sold for a high price allthough most of the miners who rushed to the west couldn't find enough per day to even cover the costs of moving to the west, so the whole ordeal was a flop. Today Golds price has been raising over a three week span which means that miners must have been finding less and less therfore making it more valuable. I chose this because I needed a post in Economics and values of goods such as gold related to the exspansion and gold rush we learned about in class.
Economics have changed since the first world war. President Barack Obama has been planning to fix the United States economy and make our lives much better. Many people doubt his abilities even though he won the election for a second time. This relates with the first world war because the definition of the word 'economy' says that it deals with distributation. We attempted to trade with Britain during the war and were shot down by German blockades. Which eventually brought us into the war.
This article talks about how the traditional savings bonds in certificate form are now obsolete now in the year of 2012 it has been modernized onto the online age. Instead of you walking into a bank and going to purchase one you have to do it on their website and create an account for the person sending the now known as an EE bond and an account for the recipient. Also according to the article it will take for the average person that is alright with a computer it will take them to make an account and send the EE bond. (Depending if you have all the information to make an account. The way that the article connect to the things that we are going over in social studies is that we had just learned that back in the time of World War 1 in 1917 America introduced liberty bonds that would help fund war costs that is basically what a EE bond is except that is all online now.
http://abcnews.go.com/blogs/politics/2012/12/u-s-intelligence-china-economy-to-surpass-u-s-by-2030/ The National Intelligence Councilhas released an 140-page report about how the world might change in coming decades. The report is full of all kinds of concepts, like powered exoskeletons designed to help the elderly, bio-based energy and 3-D printing. One of the biggest economics themes of the report is the rise of a much stronger Asia. China alone is mentioned some 300 times. One of the attention-grabbing assertions: China's economy will surpass that of the U.S. by 2030. This article relates to what we learned in class about the economy. Such as stocks, the economy, and other things in the progressive era. United states started out low in the economy than eventually rose to become the strongest nation in the war.
The US national debt is currently over $16 trillion dollars and it doesn’t seem to be going down. In fact, the government brings in a little over $5 billion dollars while spending over $11 billion dollars daily. The biggest spenders of the $11 billion dollars include the following: • Department of Health and Human Services = roughly $3 billion • Social Security = $2.5 billion • Department of Defense = $1.8 billion
Even more alarming is the interest is $854 million every day. At this time, the interest rates are relatively low. However, they may not remain that way which could increase the debt. Economists are alarmed because the spending continues to grow faster than the revenue. During World War I, the government was trying to raise money for the war efforts. There was a lot of wartime propaganda to raise money to fund the war. The message they sent was it is every American’s duty to purchase Liberty Bonds. The sale of Liberty Bonds raised $21 billion dollars which was roughly half the cost of the war. I wonder if we are still paying off the debt of this war?
http://www.forbes.com/sites/rickungar/2012/09/01/bain-capital-under-investigation-for-tax-avoidance-romney-denies-any-benefit/
ReplyDelete1) Presidential nominee Mitt Romney founded a private investment firm that is being investigated for failing to pay taxes. The tax strategy that this company uses is considered aggressive by some and illegal by others. This could mean that Romney is only paying 15% tax instead of 35% like the rest of America. Is this really illegal? Or is this something that President Obama is spreading to make Romney look bad.
Delete2) Taxes in the U.S began in the 1760’s. This later on led to the American Revolution. From that day on, there are still taxes and problems that follow along with them. This article about Romney relates to taxes back in the 1760’s because all along people have been trying to work their way out of paying taxes just like Romney. Even though colonial taxes were much different, such as; customs, tariffs, import and exports, the issue of trying to avoid taxes will always be part of the American way.
Cameron Bergey
http://www.usnews.com/topics/subjects/unemployment
ReplyDelete-The unemployment rate has been big since 2007. The democrats and republicans fight over what to do. Democrats want to help and give money to the unemployed Americans but the republicans don't. The republicans want to keep every single tax cut in place, but Democrats want to let the cuts for people in the top tax brackets finish. Republicans disagree that these taxes also take many little businesses, which make jobs. Democrats have continued to begin minor stimulus packages and unemployment benefits extensions, with partial accomplishment. Only two republicans have voted for the democrats on this topic.
-How this problem is similar to in the past is that after the war, many veterans needed jobs and there weren’t many openings. Many people in the past and now have tried to fix it but have yet to succeed. In the article it says that the democrats and the republicans are trying to give people jobs but have their own way of doing that. During the reconstruction days after the war, the country had a lot of cleaning up to do and this getting people jobs was a main problem, and it still is now.
-Lydia K.
1. The Economy.
ReplyDelete2. Price increases
1. The homestead act because it grant people with land that was wearth alot of money.
ReplyDelete2. The economy
1. money increases
ReplyDelete2. economy
1)Economy, and how it changed.
ReplyDelete2)Homestead Act.
1. Mining for Gold and Silver
ReplyDelete2. The Homestead Act
Topics that relate to Economics is the Homestead Act because it took families who volunteered, to go out and better the land in the western states. Also, another act that relates to Economics is how the economy took a major fall.
ReplyDelete1.Mining
ReplyDelete2.money to build railroads
http://www.politifact.com/truth-o-meter/article/2012/jun/01/scorecard-economy-obama/ and http://www.bls.gov/eag/eag.us.htm
ReplyDelete1) the us economy has been improving over the last 4 years. when obama took office back in 2009 the economy was at an all time low. unemployment was a major problem and obama promised he would raise the employment rate, so he was elected. since he was elected the economy has been raised a lot. the economy is riseing at a very rapid pace. if the economy continues at this pace by the end of obamas 2nd term the economy may be at an all time high.
2)this connects to what we are learning because when the miners moved west for gold and silver the economy exploded. before the miners went west the us was in debt and had a decent economy. once the miners went to the west they found gold and silver in many locations, which sent the economy skyrocketing. the us economy picked up and allowd the country to grow even further.
1.This article was about how the deficit for 2012 is 1.1 trillion dollars. This is the fourth straight year the deficit has been over 1 trillion dollars. Although it has went down from last years deficit of 1.3 trillion. Its not from an increase in spelling. Its from the increase of tax revenue! Although the basic domestic spending went down by 30 billion but the amount of money spent on medicare and social security has grown by about 42 billion dollars.
ReplyDelete2.This connects to when the miners found gold in the U.S. It increased the amount of money out there and people bought the gold. Just like people today are buying medicare and social security stuff. Also, the increase of taxes has increased the amount of money in the country. It also connects to when the railroad was built because more people bought trade just like more people are now buying medicare.
http://www.suntimes.com/news/metro/15420337-418/assistant-us-attorney-joliet-officials-called-section-8-residents-rats-and-whores-from-chicago.html
ReplyDeleteThe city of Joliet Illinois is trying to cut down on the number of African American people by taking away their subsidized housing unit by eminent domain. The city says they are trying to clean up Urban Blight, older buildings that are deteriorating. In today's economy these actions would have a devastating impact on most of the African American residents.I am relating this article to back when the settlers came to the West and took away the Native Americans land to build their own houses. They also built trains tracks and started mining on their land. With the new settlement they were basically pushing them into reservation. They basically made it impossible for them to stay. Just like how Joliet city wants to seize the control of sections of houses own by the poor black residents.
http://www.washingtontimes.com/news/2012/oct/16/second-debate-kicks-obama-romney-clash-jobs/
ReplyDeletePresident Obama was seeking to redeem himself after from an earlier poor debate. Mitt Romney said the president is offering promises that sound good for the future. Mitt Romney also said that the Obama legacy continued unemployment. He vowed his his 5 point plan. Obama said that Mitt Romney doesn't have a 5 point plan, he has a one point plan. This article relates to the assination of Abe. Lincoln. When Abe. Lincoln was killed the people in the north were very upset. John Wilkes Booth was happy that Abe. Lincoln was gone.
Deletehttp://www.entrepreneur.com/article/224394
ReplyDeletePresident Obama was given many challenges when he was brought into office. The challenges associated with the recession would have been difficult for anyone coming into office. This year’s campaign is targeting what has been accomplished to date. Many Republicans point out that President Obama has not delivered on his campaign promises. The Democrats are quick to point out that it will take years to recover. Part of their campaign strategies is to indicate how they each plan to grow the economy.
President Obama’s plan is to strengthen trade, generating one million manufacturing jobs, slowing the growth of college tuition, and taxing the wealthy. Governor Romney has proposed a 59 point economic plan. Under his plan, he will reduce corporate tax breaks, get rid of regulations that hamper the free market, reduce government spending, and limit tax incentives.
We just got done learning about the Industrial Revolution, a time of great growth and development. We are now moving on to how tycoons became rich and developed monopolies within the different markets. If the tycoons had these two candidates to choose from, I suspect they would vote for Gov. Romney to prevent paying more taxes. Also smaller businesses would like Romney because he wants to strengthen smaller business to create more jobs. Monopolies are not permitted in this day and age.
http://www.governing.com/topics/economic-dev/US-Border-Cities-See-Profits-Bridges-Mexico.html
ReplyDeleteThis article is about a town named Donna in the state of Texas. It is located near the border of Mexico. Its only attraction is a corn maze which is eight acres big. If it weren't for the maze the leaders of the town know that it would go unnoticed so they spent several million dollars on an eight-lane Alliance International Bridge across the Rio Grande. They hope this will turn them into a industrial spot.
This like the cities of America while it was still developing. They first started with little things and eventually the got bigger so that they could have more jobs and become better economically.
http://www.usatoday.com/story/money/markets/2012/10/22/stocks-monday-10-22/1649155/
ReplyDeleteThis article is about how all across the world the stocks keep changing rapidly. One day they will be really high, and the next thing you know they will be super low. Specifically though, this article talks about go major items from major companies like Microsoft and McDonald’s have been raising pricing. People over in Asia have noticed the significant drop in the United States and realize that this could affect Asia in the long run. With this in mind Asia will stop investing as much in other companies until they see a rise in stocks.
This connects to what we learned in history class because recently we learned about stocks, stockholders, dividends, etc. Back then when stocks were just discovered and brought upon, people would invest so much money just because they needed money and figured that stocks would continuously rise. Now, over 100 years later, we learn to be smarter when investing in stocks and if we see they are going to drop, stockholders won’t invest as much.
http://www.nytimes.com/2012/10/23/business/energy-environment/dominion-to-close-wisconsin-nuclear-plant.html?ref=unitedstateseconomy&_r=0
ReplyDeleteThe owner of a small nuclear reactor in Wisconsin said Monday that it would close the Kewaunee Power Station early next year because it was unable to find a buyer and the plant was no longer economically viable. Also the power plant only earns 60-70 million dolars worth of electricity every year. Just for the power plant to be running it cost 140-150 million dolars a year. Also in this article it talks about how and why power plants are shut down. It said that there are power plants that have licenses that are alomost out of years and could be shut down soon. This connect to what we learned in social studies because we learned about big companies and how they lightened up the unemployment rate because they had or many jobs. If one of them where shut down so many people would loose jobs and their houses.
Ryan W
http://venturebeat.com/2012/05/18/facebook-cool-factor/
ReplyDeleteIn this web address is the argument from teens of if Facebook becoming a corporation is "cool." many teens argue that it will ruin Facebook if it became a part of the stock market. even though currently it is worth 104 billion dollars.
This relates to the actual creation of stocks and corporations. the idea was invented during the industrial revolution and the stock market kicked off. this idea is that other people can invest into a corporation and earn what the corporation earns...the only downside is that if the corporation goes bankrupt, than so does the investor.
http://www.foxbusiness.com/personal-finance/2012/11/06/final-blow-from-sandy-higher-gas-prices-in-ny-nj/
ReplyDeleteThis isn't exactly the gold at the end of the rainbow ordeal. All over the Northeast gas prices have gone up because of the "Super-storm" Sandy. However, outside of the Northeast region gas prices have been dropping. The normal gas price went to $3.47 per gallon Monday. Now this price could even drop to $3.35 by Thanksgiving. Though in New York prices are going the opposite way, at almost 3.4 cents more per gallon.
DeleteThis rise in gas prices relates to the change in the economy during the Civil War. The Confederate dollar became less and less of value. While it started to decrease in worth, the greenback increased in value. Also during the Revolutionary War the Confederate dollar did not even compare in value to that of the greenback.
http://newstrust.net/stories/8996845/toolbar?ref=tp
ReplyDeleteMy article was about the stocks dropping drastically when President Obama was reelected. The Dow Jones industrial average fell 197 points. The same partisan dynamic will be in play as the federal government tries to deal with the intimidating fiscal cliff, the automatic spending cuts and tax increases at the end of the year that threaten to push the U.S. back into recession. Healthcare companies have a smaller chance of avoiding accomplishment of Obama’s overhaul of the healthcare system. Financial sector’s hopes of dodging the Dodd-Frank rules have yet to go into effect. President Mario Draghi states in a speech that unemployment remained shockingly high and economic activity is weak. This relates to a lot that has happened during the progressive era like trying to improve America.
Kayla Leidy
http://www.foxbusiness.com/markets/2012/11/12/gold-nears-three-week-high/
ReplyDeleteThe online article states that gold neared a three week high peak. Gold is a dense, soft, shiny, malleable and ductile metal. It is a chemical element with the symbol "Au" and has an atomic number of 79. It's used mainly for jewlery and in the 1800's Gold was very precious and sought. Rumors of finding Gold in the western parts of North America was a leading factor in the United States expansion to the west. It was very valuable and could be sold for a high price allthough most of the miners who rushed to the west couldn't find enough per day to even cover the costs of moving to the west, so the whole ordeal was a flop. Today Golds price has been raising over a three week span which means that miners must have been finding less and less therfore making it more valuable. I chose this because I needed a post in Economics and values of goods such as gold related to the exspansion and gold rush we learned about in class.
Economics have changed since the first world war. President Barack Obama has been planning to fix the United States economy and make our lives much better. Many people doubt his abilities even though he won the election for a second time.
ReplyDeleteThis relates with the first world war because the definition of the word 'economy' says that it deals with distributation. We attempted to trade with Britain during the war and were shot down by German blockades. Which eventually brought us into the war.
http://www.usatoday.com/story/money/personalfinance/2012/12/12/savings-bonds-electronic-online-treasury/1763927/
ReplyDeleteThis article talks about how the traditional savings bonds in certificate form are now obsolete now in the year of 2012 it has been modernized onto the online age. Instead of you walking into a bank and going to purchase one you have to do it on their website and create an account for the person sending the now known as an EE bond and an account for the recipient. Also according to the article it will take for the average person that is alright with a computer it will take them to make an account and send the EE bond. (Depending if you have all the information to make an account.
The way that the article connect to the things that we are going over in social studies is that we had just learned that back in the time of World War 1 in 1917 America introduced liberty bonds that would help fund war costs that is basically what a EE bond is except that is all online now.
Nick Razzi
http://abcnews.go.com/blogs/politics/2012/12/u-s-intelligence-china-economy-to-surpass-u-s-by-2030/
ReplyDeleteThe National Intelligence Councilhas released an 140-page report about how the world might change in coming decades. The report is full of all kinds of concepts, like powered exoskeletons designed to help the elderly, bio-based energy and 3-D printing.
One of the biggest economics themes of the report is the rise of a much stronger Asia. China alone is mentioned some 300 times. One of the attention-grabbing assertions: China's economy will surpass that of the U.S. by 2030. This article relates to what we learned in class about the economy. Such as stocks, the economy, and other things in the progressive era. United states started out low in the economy than eventually rose to become the strongest nation in the war.
http://www.foxnews.com/politics/2012/12/17/cost-spending-federal-government-racking-up-huge-tab/
ReplyDeleteThe US national debt is currently over $16 trillion dollars and it doesn’t seem to be going down. In fact, the government brings in a little over $5 billion dollars while spending over $11 billion dollars daily. The biggest spenders of the $11 billion dollars include the following:
• Department of Health and Human Services = roughly $3 billion
• Social Security = $2.5 billion
• Department of Defense = $1.8 billion
Even more alarming is the interest is $854 million every day. At this time, the interest rates are relatively low. However, they may not remain that way which could increase the debt. Economists are alarmed because the spending continues to grow faster than the revenue.
During World War I, the government was trying to raise money for the war efforts. There was a lot of wartime propaganda to raise money to fund the war. The message they sent was it is every American’s duty to purchase Liberty Bonds. The sale of Liberty Bonds raised $21 billion dollars which was roughly half the cost of the war. I wonder if we are still paying off the debt of this war?