What was the purpose of the liberty bonds sold during WWI?
1 Answer
Mar 7, 2017
They provided funding for the war effort.
Explanation:
Liberty bonds were the government's way of having American citizens provide funding for the war other than from taxes. The way it worked was that American citizens would purchase a bond at a set price, and when it was repaid after the war the price would have increased by a set rate for the time the war continued after the purchase. At the end of the war, Americans would be repaid the original prices plus the interest, with this and patriotism being the incentive for purchase.
