A Liberty Bond was a special type of war bond that was sold in the United States to support the allied cause in World War I. Joseph Pennell ( July 4, 1857 &ndash April 23, 1926) was an American artist and author Douglas Fairbanks ( May 23 1883 – December 12 1939) was an American Actor, Screenwriter, director The City of New York War bonds are a type of Savings bond used by combatant nations to help fund a war effort and as a Monetary policy for controlling Inflation from an The United States of America —commonly referred to as the World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All It could be redeemed for the original value of the bond plus interest.
An aggressive campaign was created by Secretary of the Treasury William Gibbs McAdoo to raise money from war-supporting Americans by selling the bonds. William Gibbs McAdoo ( October 31, 1863 &ndash February 1, 1941) was an American Lawyer and political leader who served The government used famous artists to make posters, and used movie stars to host bond rallies. Al Jolson, Elsie Janis, Mary Pickford, Douglas Fairbanks and Charlie Chaplin were among the celebrities that made public appearances promoting the idea that purchasing a liberty bond was "the patriotic thing to do" during the era. Al Jolson (May 26 1886 October 23 1950 born in Lithuania, Russian Empire, was a highly acclaimed American singer comedian and actor and the first openly Elsie Janis (March 16 1889 – February 26 1956 was an American singer songwriter actress and Screenwriter. Mary Pickford ( April 8, 1892 – May 29, 1979) was an Academy Award -winning Canadian motion picture Douglas Fairbanks ( May 23 1883 – December 12 1939) was an American Actor, Screenwriter, director Chaplin also made a short film, The Bond, at his own expense for the drive. The Bond is a Propaganda Film created by Charlie Chaplin at his own expense for the Liberty Load Committee for theatrical release Even the Boy Scouts and Girl Scouts sold the bonds, using the slogan "Every Scout to Save a Soldier". The Boy Scouts of America ( BSA) is the largest youth organization in the United States with over five million The Girl Scouts of the United States of America (GSUSA is a Youth organization for girls in the United States and American girls living abroad
According to the Massachusetts Historical Society, Because the first World War cost the federal government more than 30 billion dollars (by way of comparison, total federal expenditures in 1913 were only $970 million), these programs became vital as a way to raise funds.
Through the selling of "Liberty bonds," the government raised around 17 billion dollars for the war effort.
Securities, also known as Liberty Bonds, were issued in the aftermath of the September 11, 2001 terrorist attacks to finance the rebuilding of the areas affected.
Interest rates and issuing history
- Apr 24, 1917 Emergency Loan Act authorizes issue of $5 billion in bonds at 3. 5 percent.
- Oct 1, 1917 Second Liberty Loan offers $3 billion in bonds at 4 percent.
- Apr 5, 1918 Third Liberty Loan offers $30 billion in bonds at 4. 5 percent.
- Sep 28, 1918 Fourth Liberty Loan offers $6 billion in bonds at 4. 25 percent.
External links
- Illustrated "Buy a Liberty Bond" ad on the cover of Leslie's Weekly, April 6, 1918
- LibertLoanBonds.com Liberty Loan Bond Images and Descriptions
See also
- Gross, David (ed. Frank Leslie's Weekly, later often known in short as Leslie's Weekly was an American Illustrated literary and news magazine founded in 1852 and continuing Events 46 BC - Julius Caesar defeats Caecilius Metellus Scipio and Marcus Porcius Cato in the Battle of Thapsus Year 1918 ( MCMXVIII) was a Common year starting on Tuesday (link will display the full calendar of the Gregorian calendar (or a Common ) We Won’t Pay!: A Tax Resistance Reader ISBN 1434898253 pp. 313-321
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