Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Experience the ease of finding accurate answers to your questions from a knowledgeable community of professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
Answer:
- The Allied war effort in the form of billions of dollars in loans.
Explanation:
Liberty bonds are a form of financial bonds, war bonds or debt obligations that were issued during the First World War. This bond was issued by the U.S. Department of the Treasury to help finance America's participation in the war and also to help the Allied powers.
During World War I, it was normal and even deemed patriotic to subscribe or have a bond. People believe this is the least they can contribute to the war and everyone wanted to join in. The bond was issued in four installments, during which an interest rate was also fixed for the person holding the bond. It is like an investment where citizens give their money as bonds to incur interest after a certain time, while still aiding in the financing of the war.
Thus, the correct answer is the fourth option.
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.