AMERICAN IMPERIALISM 1890 1919
THE UNITED STATES IN WORLD WAR I
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Increase the involvement of volunteer organizations
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Inspire loyalty among immigrants who had recently arrived
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Inspire loyalty among immigrants who had recently arrived demonstrate the determination of the united states government
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Help the United States government finance the cost of the conflict
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Detailed explanation-1: -During World War I (WW1), war bonds were made available to retail investors, as well as wholesale investors, with the purpose of raising enough capital to finance the governments’ increased military expenditures. There was a strong propaganda campaign designed to appeal to the nation’s sense of patriotism.
Detailed explanation-2: -Example of War Bonds War bonds were initially known as Defense Bonds and were first issued as Liberty Bonds in 1917 to finance the United States government’s participation in World War I. Through the sale of these bonds, the government raised $21.5 billion dollars for its war efforts.
Detailed explanation-3: -1914-In preparation for its involvement in World War I, the U.S. Government raised money by selling “Liberty Bonds.” 1920-The Government’s debt shrunk from $23 billion to $17 billion. The U.S. Government had more money than it needed to pay for the services it provided.
Detailed explanation-4: -For this war, the federal government relied on a mix of one-third new taxes and two-thirds borrowing from the general population. Very little new money was created. The borrowing effort was called the “Liberty Loan” and was made operational through the sale of Liberty Bonds.
Detailed explanation-5: -By the end of the war, 20 million people had purchased Liberty Bonds. Seventeen billion dollars was raised through the sale of Liberty Bonds and $8.8 billion was raised through taxation.