Liberty Bond

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Definition of 'Liberty Bond'

A Liberty Bond is a type of war bond that was issued by the United States government during World War I. The bonds were sold to the public in denominations of $5, $10, $25, $50, $100, $500, and $1,000. The bonds were backed by the full faith and credit of the United States government, and they paid a fixed rate of interest.

The Liberty Bond campaign was a huge success. By the end of the war, the United States had sold over $21 billion in Liberty Bonds. The bonds helped to finance the war effort, and they also helped to boost morale among the American people.

The Liberty Bond campaign is often credited with helping to win World War I. The bonds gave the American people a sense of ownership in the war effort, and they helped to ensure that the United States had the resources it needed to defeat the enemy.

The Liberty Bond campaign is also significant because it was the first time that the United States government had used mass marketing to sell a financial product. The campaign was a success because it was able to reach a wide audience and to generate excitement about the bonds.

The Liberty Bond campaign is a reminder of the important role that financial products can play in a nation's economy. The bonds helped to finance the war effort, and they also helped to boost morale among the American people. The campaign is also significant because it was the first time that the United States government had used mass marketing to sell a financial product.

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