World War 2 film promoting public investment in War Bonds and stamps to aid the war effort and tamper inflation
United States USA Date:1944 Duration:8 min 34 sec Sound:Yes
Show girls in follies-like show, costumed as U.S. silver dollars and marching to tune and lyrics alluding to dramatic increase of currency in circulation, over the years. Animation with stacks of coins shows increase in national income from $46 billion,in 1933, to $71 billion, in 1939, and $142 billion in 1943. Back to the "follies dollars," a boy asks why, and then scenes of the Japanese attack on Pearl Harbor,are shown, with U.S. battleships being sunk. Wartime arms plants are shown. An M2A3 Light Tank rolls off a production line. Ships being constructed in a shipyard. B-24 Liberator bombers being built in a factory. Artillery shells being produced. Defense workers receiving their pay. The "follies dollars" group themselves to illustrate the fractions of income devoted to taxes and savings. But other spending is curtailed by wartime shortages. A woman talking with clerk in a drug store. U.S. Army troops crossing a pontoon bridge in open trucks, towing 75mm M1A1 howitzers. Infantry on the march. Animation showing industrial production devoted to war materiel and lots of dollars chasing few civilian goods. A grocery clerk offers to sell a woman customer butter for more than the established price, and she agrees. The "follies" performers then introduce the idea of an "inflationary dollar," and some history of past U.S. inflations. Animated examples of price inflation are shown. Glimpses of World War I scenes are seen, including: a 12-inch railway gun firing; a huge explosion from shell bursting near the camera; various scenes of infantry in action. Meanwhile, singing narration refers to the home front inflation due to competition for limited civilian goods. Map shows Europe and singing narration cites rising prices for food in occupied France and other countries suffering ravages of World War II. Montage of scenes showing needy civilians obtaining food in those countries. Animation shows increases, by 1944, in cost of U.S. civilian goods since the Pearl Harbor attack. "Follies" character called "Double-duty dollar," appears explaining he serves the war and curtails inflation on the home front by being saved through investments in War Bonds and stamps.
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