War Bonds



War Bonds in WWI

War bonds are money that you give the government to
finance wars in exchange for a certificate that entitles you to a
larger sum of money in the future for their generosity.
There were many ways that were used to advertise war
bonds. The United States didn’t want only the civilians to buy
war bonds, they also wanted and advertised to the soldiers in the
United States. The military issued a series of five cards
encouraging the purchase of war bonds. These cards were given
to soldiers that fought in the fields and those soldiers who lived
in military camps in the United States. There were ads for the
civilians to buy war bonds as well. The civilian ad campaigns
were carried out by the Treasury Department in Washington and
other local Treasury branch offices. The Boston office and the
‘Liberty Loan Committee of New England’ came out with a
series of ads with marvelous half-tone images. They also used
patriotic themes such as Liberty Bonds Guarantee Our Ideals.’
The Liberty Loan Committee of the Second Federal Reserve
District also produced several different sets of Liberty Bonds.
These Liberty Bond ads were different from the others because
they were line drawings rather then half-tones.
There were different ways to influence people to buy war
bonds besides advertising with posters and cards. The
government enlisted the help of popular celebrities and
politicians to help convince the public to support the country by
buying bonds. Even clowns at the circus supported this effort.
If you are wondering how war bonds work, let me tell you.
War stamps could be purchased for 10 cents per stamp. After
you purchased a stamp, you would paste it into a book until they
added up to $18.75. After you did this, you were issued a war
bond. After ten years each bond that you earned would be
worth twenty-five dollars. This was a lot of money then so
many people invested in war bonds.
Let me tell you a little about the history of war bonds. war
bonds have been used throughout United States history to help
pay for the cost of waging war. The first bonds the government
ever authorized were in the year 1790. These war bonds were
used to pay off the debts of the Revolutionary War. Income
taxes were used to help pay for the Civil War and the two World
Wars, but that was not enough. Therefore war bonds were
issued and played a huge role in the effort of raising money for
the war effort. War bonds were a popular form of support for
the war. Liberty Bonds raised $16,000,000 for World War I.
This was an enormous sum of money for that time. These war
bonds were traded on the New York Stock Exchange. Many
people held onto their bonds after the war for sentimental or
patriotic reasons, a bonus for the United States government
because the bonds didn’t have to be repaid.
If I had been alive during the First World War, I would
have supported war bonds. Here are a few reasons why. I think
that I would buy one because I would be making money on them
in the end. I might even buy a second to keep it as a
memorabilia of my support for the World War. I would tell
others to buy war bonds because they would help the United
States win the war. I would tell them how the war bonds would
help to pay for more tanks, more supplies, more food, more
shells, and more howitzers. The more supplies that the army
gets their hands on, the more supplies the soldiers get; therefore,
we wouldn’t run out of ammunition as quickly as the enemy in
the battles. I would encourage those who couldn’t afford war
bonds to help out with the war effort in some way. I would
encourage them to help sell war bonds, sew uniforms, assemble
weapons, and pack supplies for the soldiers.




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