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A war loan (or war credit) is an interest-bearing or security without interest, which serves the financing of a war. Emitter is usually a government. The sales of the loan equals a grant of credits to the government.
War loans are usually accompanied by extensive propaganda, since these are one of the possibilities to win also the homeland front directly for the support of the war. In order to find as much as possible investors, usually at their Patriotismus one appeals. For this one tries to convince it of the fact that the paragraph of the loan has a war-crucial meaning. Financial sources speculate also on the interest, which the state wants to finance with a victory by reparation payments. In case of a lost war the danger exists that the loan is not paid back. The capital put on is lost through it. History knows many examples of such losses.
There, although in former times among other things names, are war loans since the Middle Ages.
In Switzerland this 1848 were given change. 1936 spent Switzerland a military loan, which had the purpose to be as well as possible prepared in an assumed war.
In the First World War financed themselves above all Germany, Austria Hungary and Russia over war loans. While the USA could make their means available as far as possible over the normal household, England increased the taxes. Both in addition England and France got credits from the USA.
In Germany between 1914 and 1918 altogether nine war loans were spent, which brought in 98 billion realm Marks and about 60% of the German war costs covered.
When "designated the "war credits in German history generally that resolution of the SPD in the year 1914, the financing for the First World War made possible. In the consequence it came in addition to the decay of the German workers' movement, a development the late the ascent of the national socialism to favour should.
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