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Encyclopedia > Liberty bond
Liberty Bond poster by Winsor McCay
Liberty Bond poster by Winsor McCay

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. It could be redeemed for the original value of the bond plus interest. Image File history File links Download high-resolution version (549x852, 79 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Propaganda Winsor McCay Liberty bond ... Image File history File links Download high-resolution version (549x852, 79 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Propaganda Winsor McCay Liberty bond ... Winsor McCay Winsor McCay (September 26, 1867(?) – July 26, 1934) was a prolific artist and pioneer in the art of comic strips and animation. ... An American War Bonds poster from 1942 War bonds are a type of savings bond used by combatant nations to help fund a war effort. ... “The Great War ” redirects here. ...


An aggressive campaign was created by Secretary of the Treasury William Gibbs McAdoo to raise money from war-supporting Americans by selling the bonds. 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. Chaplin also made a short film, The Bond, at his own expense for the drive. Even the Boy Scouts and Girl Scouts sold the bonds, using the slogan "Every Scout to Save a Soldier". The United States Secretary of the Treasury is the finance minister of the Federal Government of the United States. ... William Gibbs McAdoo (October 31, 1863–February 1, 1941) was a U.S. Senator and United States Secretary of the Treasury. ... Al Jolson was a highly acclaimed American singer, comedian and actor of Jewish heritage whose career lasted from 1911 until his death in 1950. ... Musical comedy star Elsie Janis (1889-1956). ... Mary Pickford (April 8, 1892 – May 29, 1979) was an Oscar-winning Canadian motion picture star and co-founder of United Artists in 1919. ... Douglas Fairbanks (May 23, 1883 – December 12, 1939) was an American actor, screenwriter, director and producer, who became noted for his swashbuckling roles in silent movies such as The Mark of Zorro (1920), The Three Musketeers (1921), Robin Hood (1922), The Thief of Bagdad (1924) and The Black Pirate (1926). ... “Charles Chaplin” redirects here. ... The Bond was Charlie Chaplins First National made film created for theatres to help sell U.S. Liberty bonds during WWI. Made in 1918 with Edna Purviance, Albert Austin and Sydney Chaplin, it is really not a film as much as public service ad to raise money after the... For the Boy Scouting program within the BSA, see Boy Scouting (Boy Scouts of America). ... 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 24 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. A sequential look at United Flight 175 crashing into the south tower of the World Trade Center The September 11, 2001 attacks (often referred to as 9/11—pronounced nine eleven or nine one one) consisted of a series of coordinated terrorist[1] suicide attacks upon the United States, predominantly...


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 $3 billion in bonds at 4.5 percent.
Sep 28, 1918 Fourth Liberty Loan offers $6 billion in bonds at 4.25 percent.


External links


  Results from FactBites:
 
Liberty Loan Publicity Campaigns - LoveToKnow 1911 (2907 words)
The Liberty Bonds and Victory Notes were issued under authority of the Acts of Congress approved April 24 1917, Sept. 24 1917, April 4 1918, July 9 1918, Sept. 24 1918 and March 3 1919, and pursuant to official Treasury Department circulars.
These bonds were authorized under the Third Liberty Loan Act of April 4 1918, which made them available for use in the payment of estate and inheritance taxes and authorized the Secretary of the Treasury to purchase each year 5% of each outstanding issue of Liberty bonds, with the exception of the First.
Third Liberty Loan (1918) It will be noted with respect to this loan that the Treasury Department calculated the relative standing of the districts with regard to the amounts by which they exceeded their quotas.
Internal Revenue Bulletin - July 7, 2003 - Qualified New York Liberty Bond Questions and Answers (670 words)
Section 1.150-2 applies to Liberty Bonds in the same manner as exempt facility bonds, except that all issuers of Liberty Bonds are treated as having adopted an official intent (as defined in § 1.150-2(c)) that satisfies the requirements of § 1.150-2(e) with respect to expenditures paid after September 11, 2001, and before June 23, 2003.
Liberty Bonds may be issued after December 31, 2004, to refund outstanding Liberty Bonds originally issued before January 1, 2005, to the extent (a) the amount of the refunding bonds does not exceed the outstanding amount of the refunded bonds, and (b) the refunding is not an advance refunding.
Liberty Bonds may be issued on behalf of the State of New York or any political subdivision thereof if the issuance satisfies the requirements for determining whether a bond issued on behalf of a State or political subdivision constitutes an obligation of that State or political subdivision for purposes of section 103.
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