Science Source ftp Apr 2015
EN_01170126_1048
Entitled: "Women! Help America's sons win the war. Buy U.S. Government Bonds, 2nd Liberty Loan of 1917". Poster showing woman standing in front of U.S. flag with hands outstretched. A Liberty Bond 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. The Act of Congress which authorized the Liberty Bonds is still used today as the authority under which all U.S. Treasury bonds are issued. Through the selling of Liberty bonds, the government raised around $17 billion for the war effort. Considering that there were approximately 100 million Americans during that time, each American, on average, raised $170 on Liberty bonds. The 2nd Liberty Loan Act established a $15 billion aggregate limit on the amount of government bonds issued, allowing $3 billion more offered at 25 years at 4% interest, redeemable after 10 years. The amount of the loan totaled $3.8 Billion with 9.4 million people purchasing bonds. Artist R.H. Porteous, 1917.
2015-04-07
East News
Science Source
Photo Researchers
BZ6403
2,85MB
25cm x 39cm by 300dpi
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