Article
Ukrainian War Bonds: The American Roots of a Powerful Financial and Propaganda Tool
The Conversation
(2022)
Abstract
Ukraine is desperate for money. And as the saying goes, freedom is not free.
The Ukrainian Ministry of Finance – at this moment trying to fund the nation’s defense against a massive Russian invasion – would surely agree. That’s one reason the Ukrainian government recently took a page from the 20th-century playbook by issuing war bonds. So far, Ukraine has raised 8.1 billion hryvnias (US$270 million) selling war bonds that pay interest of 11%.
My research on the U.S. war bond program during World War II shows why this initiative has great potential. It also suggests that the Ukrainian war financing effort could go further.
Keywords
- Wall Street,
- World War II,
- World War I,
- Ukraine,
- US Civil War,
- Ukraine invasion 2022
Disciplines
Publication Date
March 8, 2022
Citation Information
James Kimble. "Ukrainian War Bonds: The American Roots of a Powerful Financial and Propaganda Tool" The Conversation (2022) ISSN: 2201-5639 Available at: http://works.bepress.com/james-kimble/37/