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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 Third Liberty Loan Act (Pub. L. 65–120) was a liberty bond sold during World War I that helped cover the war expenses of the United States. In effect, the bonds were loans from citizens to the US Government which would be repaid with interest in the future.
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]
The bonds accrued interest, though at a lower rate than other investment options. One of the main goals of war bonds was to encourage civilian participation while simultaneously curbing inflation ...
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.
The Great War and American Foreign Policy, 1914–24 (U of Pennsylvania Press, 2017) Kang, Sung Won, and Hugh Rockoff. "Capitalizing patriotism: the Liberty loans of World War I." Financial History Review 22.1 (2015): 45+ online; Kennedy, David M. Over Here: The First World War and American Society (2004), comprehensive coverage online; Malin ...
The Committee on Public Information (1917–1919), also known as the CPI or the Creel Committee, was an independent agency of the government of the United States under the Wilson administration created to influence public opinion to support the US in World War I, in particular, the US home front.
The Philadelphia Liberty Loans Parade was a parade in Philadelphia, Pennsylvania, on September 28, 1918, organized to promote government bonds that helped pay for the needs of Allied troops in World War I. More than 200,000 Philadelphians attended the parade, which led to one of the largest outbreaks of the Spanish flu in the United States. It ...