It was 1944 and President Wilson’s idea for a League of Nations with American participation was being considered in a more sympathetic light than had been seen in 1919. Many felt that America’s isolationist turn after the First World War had been one of the reasons that the Second World War was not averted. It was in the light of these new sympathies for Wilson’s idea that a movie was born.
When the United States entered World War I formally in 1917, the government recognized the need to raise money for the war effort. Already about $3,500,000,000 in debt to foreign creditors, the nation would need a significant amount of capital to loan funds and equipment to the Allies, as well as to supply and send troops overseas. To motivate Americans to loan money to the government, William Gibbs McAdoo, Secretary of the Treasury and Woodrow Wilson’s son-in-law, created the Liberty Loan Bonds in 1917. Over the course of the war, the government issued four series of these war bonds. Five months after Armistice, the Treasury authorized a fifth and final series, the Victory Liberty Loan, on April 21, 1919. According to one pamphlet from the time, the money raised from this series would bring soldiers home from overseas, assist wounded veterans, and pay for wartime munitions.
Few events in the history of mankind have caused as much suffering and growth as the First World War. Continue reading