In 1917, WWI began and America needed money, fast.



They had two options
1. Raise taxes
2. Take loans from citizens

The government chose option 2 and created "Liberty Bonds."

These bonds were marketed as a way for citizens to support the war effort.

The campaign was a huge success, raising $21.5 billion for the war.

After the war, the bonds continued and were renamed "savings bonds."

This program still exists today, allowing citizens to lend money to the government.
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DaisyUnicornvip
· 08-24 07:26
Bonds are just the history of suckers being harvested...
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AirdropHunterXiaovip
· 08-22 23:14
Really making money by borrowing to buy weapons.
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BearMarketHustlervip
· 08-22 22:58
Be Played for Suckers is called patriotism when given a different name.
View OriginalReply0
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