US Savings Bonds
On April 30, 1941, President Franklin Roosevelt announced a new series of US Savings Bonds and bought the first one himself the following day.
The practice of the government selling securities to the public dates back to 1776. That year, private citizens bought more than $27 million in government bonds to help pay for the American Revolution. They put their trust in their new government that they would be repaid. And indeed, they were all repaid, and on time, proving the system worked and paving the way for a new American tradition.