WW1 Third Libery Loan Sign
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.
A Liberty Bond is a war bond issued in the USA during WW1. The US Government named them "Liberty Bonds" in an attempt to appeal to people's patriotic duty; buying a bond was helping to secure the country's liberty.
Bonds are official notes that are sold with the promise to pay the money back, with interest, on a certain date.
What was the purpose of Liberty Bonds?
The main purpose of the Liberty Bonds was to raise money for WW1, they also encouraged Americans to save rather than spend controlling inflation during the wartime economy.
Vast amounts of promotional materials were manufactured. For example, for the third Liberty Loan nine million posters, five million window stickers and 10 million buttons were produced and distributed. The campaign spurred community efforts across the country and resulted in glowing, patriotically-tinged reports on the "success" of the bonds.
World War I was a global war originating in Europe that lasted from 28 July 1914 to 11 November 1918. Contemporaneously known as the Great War or "the war to end all wars", it led to the mobilisation of more than 70 million military personnel, including 60 million Europeans, making it one of the largest wars in history. It is also one of the deadliest conflicts in history, with an estimated 9 million combatant deaths and 13 million civilian deaths as a direct result of the war, while resulting genocides and the related 1918 Spanish flu pandemic caused another 17–100 million deaths worldwide, including an estimated 2.64 million Spanish flu deaths in Europe and as many as 675,000 Spanish flu deaths in the United States.
Third Liberty Loan Sign
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