What were bonds sold by the Canadian government during World War I to help raise revenue for the war effort called?

What were bonds sold by the Canadian government during World War I to help raise revenue for the war effort called?

• A. War bonds
• B. Freedom bonds
• C. Victory bonds
• D. Liberty bonds

Answer: (C)

The bonds sold by the Canadian government during World War I to raise revenue for the war effort were known as Victory bonds. These bonds were issued to encourage Canadians to invest in the war by lending money to the government, which would be repaid with interest after the war. The use of the term "Victory" in the name signifies not just the financial aspect but also a sense of patriotism and unity in supporting the troops and the overall war effort. While there were other types of bonds issued during different periods, such as Liberty bonds in the United States, and terms like "War bonds" might also refer to similar financial instruments in various countries, the specific designation for Canada's wartime funding initiative was Victory bonds. These campaigns aimed to instill a sense of responsibility among citizens and foster a community spirit of support for the military efforts abroad.

The bonds sold by the Canadian government during World War I to raise revenue for the war effort were known as Victory bonds. These bonds were issued to encourage Canadians to invest in the war by lending money to the government, which would be repaid with interest after the war. The use of the term "Victory" in the name signifies not just the financial aspect but also a sense of patriotism and unity in supporting the troops and the overall war effort.

While there were other types of bonds issued during different periods, such as Liberty bonds in the United States, and terms like "War bonds" might also refer to similar financial instruments in various countries, the specific designation for Canada's wartime funding initiative was Victory bonds. These campaigns aimed to instill a sense of responsibility among citizens and foster a community spirit of support for the military efforts abroad.