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Liberty bond redemption letter 1922. The first three Liberty bonds, and the Victory Loan, were retired during the course of the 1920s. However, because the terms of the bonds allowed them to be traded for the later bonds which had superior terms, most of the debt from the first, second, and third Liberty bonds was rolled into the fourth issue.
The most famous of bonds poster depicted a boy scout handing a sword to Lady Liberty that is suited for battle. [5] The scouts ended up selling 2,328,308 liberty bonds between 1917 and 1918. This totaled $354,859,262 that the government owed to the people of the United States and $43,043,698 allocated to the Allied forces.
Dubbed Liberty Bonds, by the end of the war, 20 million people had purchased these bonds, raising $17 billion for the war effort. ... Bonds sell for anywhere from about $80 to hundreds of dollars ...
Advertising poster for World War I Liberty Bonds. In 1917 and 1918, the United States government issued Liberty Bonds to raise money for its involvement in World War 1. An aggressive campaign was created by Secretary of the Treasury William Gibbs McAdoo to popularize the bonds, grounded largely as patriotic appeals. [24]
In the third Liberty Loan campaign of 1918, more than half of all families subscribed. In total, $21 billion in bonds were sold with interest from 3.5 to 4.7 percent. The new Federal Reserve system encouraged banks to loan families money to buy bonds. All the bonds were redeemed, with interest, after the war.
For the third campaign, known as the "Wake Up, America" rally, beginning on April 27, 1918, 400,000 Boy Scouts embarked on a door to window program selling Liberty Bonds as well as war stamps. [3] At the end of the five campaigns, the Boy Scouts raised $354,859,262 in bond subscriptions and $43,043,698 in war stamps. [23]
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Weapons for Liberty – U.S.A. Bonds, Liberty bond poster by J. C. Leyendecker (1918). During World War I, the United States saw a systematic mobilization of the country's entire population and economy to produce the soldiers, food supplies, ammunitions and money necessary to win the war.