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FONTS

War Bonds (WWI)

How does the government get people to buy them

It gives people a sense of patriotism to support their country's military with their own money. The government uses this to their advantage and makes citizens that don't buy them feel guilty of no helping their country.

The Government used ads like this to get war bonds. People could get war bonds like shown before anywhere from work, to banks, to movie theaters.

When Did People Get their money back ?

It was different for each bond

  • In the first loan the maturity date, or the redeamable date was about 15 years after purchase
  • in the second the maturity date was about 25 years
  • In the third, the maturaty date was about 10 years
  • In the fourth, the maturity date was about 20 years.

What are war bonds, and how do they work

How much money did the Gov't get, and how much did they pay back?

Bonds are a type of loan that a group in need of money can give out. The group has a face value, which is how much money they raise per bond. Also there is interest that the group must give back to the owner of the bond.

War Bonds are the same idea, but by the government to raise money for a war.

Are they still around, and are we the only ones that use them?

This is an english war bond poster

During WWI there were four main bond drives

Apr 24, 1917 Emergency Loan Act- $5 billion - 3.5 percent.

Oct 1, 1917 Second Liberty Loan - $3 billion - 4 percent.

Apr 5, 1918 Third Liberty Loan - $3 billion - 4.5 percent.

Sep 28, 1918 Fourth Liberty Loan - $6 billion - 4.25 percent.

these four main drives overall raised 17 billion dollars, however because of interest the Government had to pay back an extra $11,685,000.00, so total they payed back a grand total of 28,685,000 dollars, just on these four drives

http://www.investopedia.com/video/play/understanding-bonds/

Yes, but they are called war bonds. They were called defense bonds after that, and after pearl harbor they were changed to War Bonds when we joined WWII.

We have been using war bonds since the war of 1812, and they have been used in every war sense WWI.

War Bonds are used by almost every country in time of war.

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