Something about 'Post-War Credits'?
2007-10-21 18:32:56 · 3 answers · asked by Anonymous in Arts & Humanities ➔ History
You can find just a little bit of what one man thought about Post War Credits at:-
http://www.bbc.co.uk/ww2peopleswar/stories/23/a6127823.shtml
2007-10-21 21:26:11 · answer #1 · answered by rdenig_male 7 · 0⤊ 0⤋
To some degree. Presumably, the government sold bonds to people who wanted to support the war effort with money (as did the US), and did not do a good job of maintaining the value of the currency so that the bonds would be paid off at true value. The pound fell from about $5 to considerably less.
2007-10-21 18:41:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
many ways of raising money done with expediency of war time were not particularly good economically, but l don't think it was deliberate fraud
2007-10-21 21:16:48 · answer #3 · answered by The Grima Queen 3 · 0⤊ 0⤋