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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]
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.
A liberty bond or liberty loan was a war bond that was sold in the United States to support the Allied cause in World War I. Subscribing to the bonds became a symbol of patriotic duty in the United States and introduced the idea of financial securities to many citizens for the first time.
An American propaganda poster promoting war bonds, depicting Uncle Sam leading the United States Armed Forces into battle. During American involvement in World War II (1941–45), propaganda was used to increase support for the war and commitment to an Allied victory.
The estimated cost of World War I for the United States was approximately $32 billion, and by the end of the war, the United States government had issued a total of $26.4 billion in debt. Although national campaigns had aimed to sell $2 billion in war savings stamps, they ultimately accounted for about $0.93 billion, or 3.5 percent, of the ...
Series E bonds were introduced in 1941 as war bonds but continued to be a retail investment long after the end of World War II. Issued at a discount of the face value, the bonds could be redeemed for the full face value when the bond matured after a number of years that varied with the interest rate at the time of issuance.
War bonds were offered by the United States Government for purchase by the public; purchasers would keep the bond and be reimbursed for its return at a later date. Purchasing bonds was considered patriotic and an investment in victory. U.S. posters tended to focus on patriotic themes and appeals to emotion to garner support.
World War 1 War Bond Poster. For the government another solution to finance war is for the government to increase its debt. When the Great War began, the majority of countries assumed that the war would be short especially in the eyes of the most powerful ally countries United States, Great Britain and France.