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Scilla [17]
2 years ago
11

How did Liberty Bonds work?

History
1 answer:
Rufina [12.5K]2 years ago
8 0

Answer:

C. People gave money to the war effort and received that  back with interest after the war

Explanation:

Liberty bonds was sold in the US to support the Allies during First World War, the bonds were a symbol of patriotic duty in US. The people used to purchase bonds and the money went to the wartime military operations, the people would receive their money after the maturity date along with interest. The bonds were issued five times from 1917 to 1919. It was a way to support the allies especially if they were unable to participate in the war. US government managed to raise around 17 billion dollars with bonds.

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