Question

The purpose of the liberty loan campaign illustrated in the drawing above was to

Answer 1

Answer:

The correct answer is Finance American involvement in the First World War.

Explanation:

Apart from war bonds, there was another source of financing for the First World War which consisted of borrowing very high amounts in order to be paid in a relatively short period of time. With the bonds, a series of obligations of the states are acquired that must be fulfilled in a period of time and at a determined interest rate.

Answer 2

Answer:

finance American war efforts during World War 1

Explanation:

There were 4 Liberty Bonds issues between 1917 and 1918. These bonds were very important back then since they were used to finance American involvement in World War 1. The interests earned from the first issue were even tax exempt up to $30,000 which was a lot of money back then.

Besides helping the US fight WWI, Liberty Bonds are still important because the law that authorized them is still currently used to authorize all the issuance of US securities. Very few laws have had such a long life span and really with given a lot of use.