Liberty Loans, a series of loans by the people of the United States to their government to provide funds for the conduct of World War I and to make possible loans to the Allies. The people loaned the money to the government by purchasing bonds. There were four issues of Liberty bonds and a fifth of Victory bonds (issued after the armistice). A total of more than $21,000,000,000 was raised.
World War I was the great armed conflict of 191418. Until World War II, it was often called the Great War because it was the most destructive and widespread war the world had ever seen.
World War I, also known as the Great War, left Germany and other countries humiliated and angry. Germany viewed the armistice that ended World War I as a truce, rather than a surrender. This view was ignored. Learn about events that led to World War II.