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After the December 1941 attack on Pearl Harbor brought the United States into World War II, Series E bonds became known as war bonds. On June 4, 1943, students of the south-central district of the Chicago Public Schools purchased $263,148.83 in war bonds—enough to finance 125 jeeps, two pursuit planes and a motorcycle.
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. The War Finance Committee was placed in charge of supervising the sale of all bonds, and the War Advertising Council promoted
Filled collection booklets could later be used to purchase Series E war bonds. For example, a full 25-cent booklet contained 75 stamps and was worth $18.75, which was the initial price of a $25 war bond. Thus, a full 25-cent booklet would be exchanged for a $25 war bond with a time to maturity of ten years. [8]
The U.S. government first issued Series E bonds to fund itself during World War II, and it continued to sell them until 1980, when Series EE bonds superseded them. Series E bonds are no longer issued.
The Third Liberty Loan Act was enacted on April 5, 1918. The third act specifically allowed the US government to issue $3 billion worth of war bonds at a rate of 4.5% interest for up to 10 years with an individual aggregate limit of $45,000. [2] [3] The bonds produced by the Third Liberty Loan Act were not redeemable until September 15, 1928. [4]
The American Schools at War program was a program during World War II run by the U.S. Treasury Department, in which schoolchildren set goals to sell stamps and bonds to help the war effort. The program was also administered by the U.S. Office of Education , the Federal government agency that interfaced with the nation's school systems and its ...
King Neptune (1941–1950) Buried here — King Neptune, famous Navy mascot pig auctioned for $19,000,000.00 in war bonds 1942–1946 to help make a free world. [ 12 ] His birth year was mistakenly listed as 1941 on the first monument, but that was corrected to 1942 on the monument at the I-57 rest area.
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