Henry Morgenthau Jr Sells Winston Churchill His First War Bond

The transcript covers the Third War Loan Drive, where Prime Minister Winston Churchill purchases the first bond from Secretary of the Treasury Henry Morgenthau, Jr. This act is intended to inspire Americans to buy bonds during the September drive. Churchill expresses gratitude and admiration for Morgenthau, highlighting the bravery required to manage such financial endeavors. The potential impact of the loan on the war's duration is discussed, emphasizing the importance of full subscription. Finally, Churchill plans to hand over the bond to his wife for the benefit of the Churchill Russian relief package.

What was the primary purpose of Winston Churchill buying the first bond?

• To support the British economy

• To gain personal financial benefits

• To set an example for Americans to buy bonds

• To challenge other world leaders

How did Churchill describe the act of receiving the bond from Morgenthau?

• As a routine financial transaction

• As a necessary political move

• As a simple gesture of friendship

• As a great secret and honor

What did Churchill imply about the bond's impact on the war effort?

• It was irrelevant to the war

• It would only benefit the British economy

• It could shorten the war if fully subscribed

• It would have no effect

What did Churchill plan to do with the bond he received?

• Donate it to the British government

• Sell it to another investor

• Keep it as a personal souvenir

• Hand it over to his wife for a relief package

What was the occasion described as in the final section?

• A solemn event

• A financial seminar

• A joyous occasion

• A political meeting