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Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. [1] Most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be very problematic, risking severe inflation.
The Mustering-out Payment Act is a United States federal law passed in 1944. [1] It provided money to servicemen , returning from the Second World War , to help them restart their lives as civilians.
A photographer kneels on a street littered with invasion money, Rangoon, 1945. Japanese invasion money, officially known as Southern Development Bank Notes (Japanese: 大東亜戦争軍票 Dai Tō-A Sensō gunpyō, "Greater East Asia War military scrip"), was currency issued by the Japanese Military Authority, as a replacement for local currency after the conquest of colonies and other states ...
The Current Tax Payment Act of 1943, Pub. L. 68, Ch. 120, 57 Stat. 126 (June 9, 1943), re-introduced the requirement to withhold income tax in the United States. Tax withholding had been introduced in the Tariff Act of 1913 but repealed by the Income Tax Act of 1916. The Current Tax Payment Act compelled employers to withhold federal income ...
A Korean War C-day is a key plot element of "Change Day," an episode from the sixth season (1977-1978) of the television series M*A*S*H. Major Charles Emerson Winchester III schemes to purchase soon-to-be-worthless MPC from local farmers and merchants for cash at 10% of face value, planning to trade it in and pocket a large profit.
The G.I. Bill, formally the Servicemen's Readjustment Act of 1944, was a law that provided a range of benefits for some of the returning World War II veterans (commonly referred to as G.I.s). The original G.I. Bill expired in 1956, but the term "G.I. Bill" is still used to refer to programs created to assist American military veterans.
OPA points are small vulcanized fibre red and blue ration tokens issued during World War II to make change for ration coupons. Approximately 1.1 billion red and 0.9 billion blue were produced, and even though many were collected and destroyed after the war, they are still quite common today. The red OPA points are a bit more common than the blue.
The Defense Plant Corporation (DPC), was an American subsidiary of the Reconstruction Finance Corporation, a government corporation run by the United States federal government between 1940 and 1945. To win World War II the United States and its Allied Nations needed massive war production .