At the time of WWI, the purchase of war bonds was a manner for people to:
- Show Patriotism
- War bonds were a way for the people to display their contribution to the war effort and showcase their patriotism.
- These are issued by the government to fund military spending and operations by issuing debt for the public to purchase. People used to buy such bonds out of emotional appeal such as patriotic duty.
- The citizens lent the money to the government by purchasing war bonds. The bond could be cashed in, redeemed with interest after a set period of time.
- The United States government issued war bonds during the first and second World Wars.
- During the first World War, war bonds were called "Defense Bonds" and were issued as "Liberty Bonds." The government managed to raise more than 20 billion dollars in 1917 through war bonds.
- During the Second World War, more than 85 million Americans purchased war bonds and it amounted to more than 180 billion.
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