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"Seaman Hook has big plans for after the war, mostly involving rushing home and marrying his sweetie. So do his fellow seamen, but theirs involve buying bonds."
United States Navy film MN-4369a
Originally a public domain film from the National Archives, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied.
The soundtrack was also processed with volume normalization, noise reduction, clipping reduction, and/or equalization (the resulting sound, though not perfect, is far less noisy than the original).
Wikipedia license: http://creativecommons.org/licenses/by-sa/3.0/
Mr. Hook is the title character of a series of predominantly black-and-white American animated cartoon shorts produced between 1943 and 1945 during World War II for the US Navy.
The series ran for 4 shorts and was mainly produced by Leon Schlesinger Productions with the first by Walter Lantz Studios, Take Heed Mr. Tojo, being produced in full color. The character was designed by Hank Ketcham.
Unlike the earlier Private Snafu series, which was created as an instructional film series, the Mr. Hook one was created exclusively as propaganda to encourage Navy personnel to purchase war bonds.
The films include:
- Take Heed Mr. Tojo
- The Return of Mr. Hook
- Tokyo Woes
- The Good Egg
War bonds are debt securities issued by a government for the purpose of financing military operations during times of war. War bonds generate capital for the government and make civilians feel involved in their national militaries. This system is also useful as a means of controlling inflation in such an overstimulated economy by removing money from circulation until hopefully after the war is concluded. At that point, the funds could be liquidated and serve as a stimulus to encourage consumer spending for the economy transitioning to peacetime activity. Exhortations to buy war bonds are often accompanied with appeals to patriotism and conscience. Government-issued war bonds tend to have a yield which is below market value and are often made available in a wide range of denominations to make them affordable to all citizens...
By the summer of 1940, the victories of Nazi Germany against Poland, Denmark, Norway, Belgium, the Netherlands and France brought urgency to the government discreetly preparing for possible United States involvement in World War II. Of principal concern were issues surrounding war financing. Many of President Franklin D. Roosevelt's advisers favored a system of tax increases and enforced savings program as advocated by British economist John Maynard Keynes. In theory, this would permit increased spending while decreasing the risk of inflation. Secretary of the Treasury Henry Morgenthau, Jr. however preferred a voluntary loan system and began planning a national defense bond program in the fall of 1940...
Three new series of bond notes, Series E, F and G, would be introduced, of which Series E would be targeted at individuals as "defense bonds"... they were sold for as little as $18.75 and matured in ten years, at which time the United States government paid the bondholder $25 Large denominations of between $50 and $1000 were also made available, all of which, unlike the Liberty Bonds of the First World War, were non-negotiable bonds. For those that found it difficult to purchase an entire bond at once, 10 cent savings stamps could be purchased and collected in Treasury approved stamp albums until the recipient had accumulated enough stamps for a bond purchase. The name of the bonds was eventually changed to War Bonds after the Japanese attack on Pearl Harbor on 7 December 1941, which resulted in the United States entering the war...
Over the course of the war 85 million Americans purchased bonds totaling approximately $185.7 billion...