US // Liberty Loan Pin / WWI
A Liberty Bond was a special type of war bond that was sold in the United States to support the allied cause in World War I. It could be redeemed for the original value of the bond plus interest.An aggressive campaign was created by Secretary of the Treasury William Gibbs McAdoo to raise money from war-supporting Americans by selling the bonds. The government used famous artists to make posters, and used movie stars to host bond rallies. Al Jolson, Elsie Janis, Mary Pickford, Douglas Fairbanks and Charlie Chaplin were among the celebrities that made public appearances promoting the idea that purchasing a liberty bond was "the patriotic thing to do" during the era. Through the selling of "Liberty bonds," the government raised around 21 billion dollars for the war effort.Through the selling of "Liberty bonds," the government raised around 21 billion dollars for the war effort.
On Apr 5, 1918 the Third Liberty Loan offered $3 billion in bonds at 4.5 percent.
