Liberty Bond - Victory Liberty Loan

Victory Liberty Loan

A fifth bond issue relating to World War I was released on April 21, 1919. Consisting of $4.5 billion dollars of gold notes at 4.75% interest, they were convertible in 3 or 4 years. Exempt from all income taxes, they were called at the time "the last of the series of five Liberty Loans." However they were also called the "Victory Liberty Loan," and appear this way on posters of the period. WWI Liberty Bonds

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