In addition to Liberty Loan bonds, other US securities were sold to raise funds for World War I including War Finance Corporation (WFC) bonds. The WFC was established on April 5, 1918 to assist industries that supported the war, including the financial services industry. Because the war effort had drained a significant portion of private capital, there was little money available for corporations to borrow. Indirectly, the WFC also assisted in the post-war transition by lending money to US exporters in order to boost both US and foreign economies.
Objects and Images Related to Federal Reserve Bank of New York
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