I do not really think that this is a proper way to phrase the question. This is because World War II did not really have any effect on Victory Bonds. Instead, World War II caused Victory Bonds to exist -- if it had not been for the war, there would have been no bonds.
The whole purpose of selling Victory Bonds was to raise money for the war effort. So if there is no war effort, there are no bonds.
So, the war made the bonds necessary and the bonds helped to finance the war. But I would not say that the war affected the bonds.
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