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Research Article
Open Access

Turning Citizens into Investors: Promoting Savings with Liberty Bonds During World War I

Eric Hilt, Wendy M. Rahn
RSF: The Russell Sage Foundation Journal of the Social Sciences October 2016, 2 (6) 86-108; DOI: https://doi.org/10.7758/RSF.2016.2.6.05
Eric Hilt
aAssociate professor of economics at Wellesley College and research associate at the National Bureau of Economic Research
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Wendy M. Rahn
bProfessor of political science at the University of Minnesota
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    Figure 1.

    Liberty Bond Posters

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    Figure 2.

    Liberty Bond Participation, Sample Counties

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    Figure 3.

    Series E Bond Purchases Per Capita, 1944

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    Figure 4.

    Monthly Sales of U.S. Savings Bonds, in Millions

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RSF: The Russell Sage Foundation Journal of the Social Sciences: 2 (6)
RSF: The Russell Sage Foundation Journal of the Social Sciences
Vol. 2, Issue 6
1 Oct 2016
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Turning Citizens into Investors: Promoting Savings with Liberty Bonds During World War I
Eric Hilt, Wendy M. Rahn
RSF: The Russell Sage Foundation Journal of the Social Sciences Oct 2016, 2 (6) 86-108; DOI: 10.7758/RSF.2016.2.6.05

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Turning Citizens into Investors: Promoting Savings with Liberty Bonds During World War I
Eric Hilt, Wendy M. Rahn
RSF: The Russell Sage Foundation Journal of the Social Sciences Oct 2016, 2 (6) 86-108; DOI: 10.7758/RSF.2016.2.6.05
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  • Article
    • Abstract
    • BARRIERS TO SAVING
    • LIBERTY BONDS
    • EMPIRICAL ANALYSIS OF VARIATION IN LIBERTY LOAN PARTICIPATION RATES
    • SERIES E BOND SALES DURING WORLD WAR II
    • CONCLUSION: LESSONS FOR PROGRAMS TO INCREASE SAVINGS
    • Acknowledgments
    • FOOTNOTES
    • REFERENCES
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Keywords

  • saving
  • Liberty Bonds
  • savings bonds
  • Wealth inequality
  • civil society
  • financial institutions

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