Liberty bonds helped government of United States to pay for the war and these bonds were collected by the people on the home front in order to support the World War I effort.
<u>Further Explanation:-
</u>
<u>Liberty bond was a bond which was known to be as a war bond as was sold in United States to support its Allied forces as well as the cause it occurred in world war 1.</u> Subscription to these loan bonds was seen as a symbol of patriotic duty in United States and this also was the introduction to the idea of financial securities which were given to many people of United States during that period of time. <u>The act of congress which initially authorized these liberty bonds still are used today.</u> It was during the period of world war 1, then war bonds or saving stamps were used as most common way to support the war. People used to bring a bond or a saving stamp as they were lending money to the government and doing so will bring them their money back from government with interest after the war. <u>The organizations which initiated this movement started liberty loan drives all over United States and meetings and rallies were held everywhere. </u>
Learn more:
- Which best summarizes the social contract outlined in the preamble to the declaration of independence?<u> brainly.com/question/8975931
</u>
- An important development or discovery in science and medicine due to industrialization was? <u>brainly.com/question/2306255</u>
- What was the outcome of most European revolts of the 1830s?
- <u>brainly.com/question/549620
</u>
Answer Details:
Grade – High School
Subject – History
Chapter –Liberty Bonds
<u>Keywords </u>–Liberty Bonds, United States, Congress, Loan Drives, Government, World War 1, Support, Interest, Money, Authorize, Financial security, Patriotic.