The image portrays the sinking of the Llandovery Castle , an unarmed hospital ship that was torpedoed on the 27th of June, with the loss of lives, 14 of whom were Canadian nurses.
They worked in hospitals and other institutions across Europe and often close to the front lines. To document the activities of the Canadian forces the Canadian Expeditionary Force sent their own photographers to Europe to record the events. Some of the images they created served as the basis or inspiration for future posters. To see more of these photographic images visit our Visual Database and do an advanced search using the term Canadian Expeditionary Force in the "Creator" field.
Posters constantly urged everyone to purchase bonds. Women in the home put money aside from their housekeeping allowance and children were encouraged to collect Thrift Stamps that could be accumulated until enough had been saved to buy a Victory Bond.
Prior to the war, customs duties, postal rates, and tariffs on imported goods had accounted for more than 85 percent of government revenue. Higher duties and new tariffs alone could not hope to cover vastly higher wartime expenditures. Ottawa borrowed to finance the shortfall from an unexpected source: ordinary Canadians. Subsequent drives proved just as successful. Publicity campaigns, including tens of thousands of posters, linked buying bonds to the direct support and welfare of soldiers overseas and used a variety of messages to encourage contributions, from well-known poems to emotional imagery.
Long-term interest rates of up to 5. As the war continued, political pressure grew on Ottawa to ensure that businesses and the wealthy paid their fair share of the financial burden. They were told to stop trying to keep up with their neighbours and to focus on making personal sacrifices to support the war effort. But the campaign soon encountered a major obstacle: the Spanish flu pandemic, which struck the province in October.
Although many planned public events had to be cancelled for health reasons, national organizers used their power to convince municipal officials to make exceptions for drive-related rallies. Up to 35, people listened to sales pitches from Prime Minister Robert Borden, Premier William Hearst, and other federal and provincial officials, who delivered speeches from stages scattered around the park.
Over the next few days, kickoff activities were held across the province at local businesses, public venues, and schools. I n Windsor , fire bells rang across the city, and ferries sailing to Detroit tooted their support.
Throughout Essex County, listeners were treated to patriotic music played on an early electronic instrument — the Deegan Una-fon. People were encouraged to welcome canvassers instead of treating them like regular door-to-door salesm en.
His idea is to help you do what you know perfectly well is your duty. The campaign relied on shame as well as sentiment. If you can afford to pay rent, buy food or wear clothes, you can afford to subscribe to the second Victory Loan. It was impossible to escape the sales pitches. The sales campaign settled into a routine of community meetings, parades, and rallies.
List of Partners vendors. A war bond is a debt security issued by a government to finance military operations during times of war or conflict. Because war bonds offered a rate of return below the market rate, investment was achieved by making emotional appeals to patriotic citizens to lend the government money.
A war bond is a debt instrument issued by a government as a means of borrowing money to finance its defense initiatives and military efforts during times of war.
A war bond is essentially a loan to a government. In the U. After the Japanese attack on Pearl Harbor, Dec. The bonds were sold below their face value—investors paid less than the face value initially and were paid the face value amount at maturity. In other words, war bonds were considered zero-coupon bonds because they didn't pay interest payments throughout the year or coupon payments.
Instead, investors earned the difference between the purchase price and the face value of the bond at maturity. War bonds were baby bonds, which meant they had smaller par values , or face values, than standard bonds. This made them more affordable for retail investors. Another feature of the bonds was that they were nontransferable—only the bond purchaser could redeem the bonds in the future.
War bonds originally had a year maturity, which resulted in a 2. Congress extended the interest that could be earned so that bonds sold from to accrued interest for 40 years.
Bonds issued after accrued interest for 20 years. The U. Motives to purchase war bonds were embedded in patriotism and conscience, given that these bonds offered a rate of return that was below the prevailing interest rates in the market.
Advertisements for the bonds were carried out through multiple media such as radio stations, newspapers, magazines, and newsreels in theaters to reach the American people.
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