3rd Liberty Loan Act

The third act specifically allowed the US government to issue $3 billion worth of war bonds at a rate of 4.5% interest for up to 10 years with an individual aggregate limit of $45,000.

The first Liberty Loan have been enacted on April 24, 1917, and issued $5 billion in bonds at a 3.5 percent interest rate.

The third loan was still insufficient and a fourth act was created on September 28, 1918, which allowed for an even higher amount - $6 billion at 4.25 percent interest rate.

The most famous of bonds poster depicted a boy scout handing a sword to Lady Liberty that is suited for battle.

This totaled $354,859,262 that the government owed to the people of the United States and $43,043,698 allocated to the Allied forces.