WORLD WAR I
CAUSES AND COURSE OF THE WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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U.S. manufacturers build warships and airplanes
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families make up for wages lost when their men went to war
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U.S. soldiers who were fighting in France
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the Allied war effort in the form of billions of dollars in loans
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Detailed explanation-1: -A liberty bond (or liberty loan) was a war bond that was sold in the United States to support the Allied cause in World War I. Subscribing to the bonds became a symbol of patriotic duty in the United States and introduced the idea of financial securities to many citizens for the first time.
Detailed explanation-2: -Liberty Bonds were created and sold by the U.S. government during World War I to help fund the American war effort. The bonds were a way for Americans to support the war, especially if they were unable to take part in combat. The bonds were issued five times between 1917 and 1919.
Detailed explanation-3: -Understanding Liberty Bonds With this program, Americans basically loaned the government money to help pay for the costs of wartime military operations. After a certain number of years, those who invested in these bonds would receive their money back, plus interest.
Detailed explanation-4: -Mounting four Liberty Loans drives and one Victory Loan drive, the U.S. government raised $20 billion with nearly one third coming from people making less than $2, 000 annually. Celebrities exhorted citizens to buy bonds. Artists produced posters that were powerful tools in each of the separate bond drives.
Detailed explanation-5: -The 2nd Liberty Loan Act, passed by the U.S. Congress to go into operation in October 1917, established a $15 billion aggregate limit on the amount of government bonds issued, allowing $3 billion more offered at 25 years at 4% interest, redeemable after 10 years.