Victory Loan of 1919

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VICTORY LOAN OF 1919. The Victory Loan of 1919 was a bond issue intended to help pay World War I costs. The act authorizing this loan provided for the issue of two series of three-to-four-year 4.75 percent and 3.75 percent convertible gold notes; the issue, dated 29 May 1919, totaled $4.5 billion. Bearer notes were issued in denominations ranging from $50 to $10,000, registered notes from $50 to $100,000. The maturity date was 20 May 1923, but both series were callable for redemption in whole or in part on 15 June or 15 December 1922, on four months' notice. Some notes were called at these earlier dates.


Gilbert, Charles. American Financing of World War I. Westport, Conn.: Greenwood, 1970.

W. BrookeGraves/c. w.

See alsoLiberty Loans ; War Finance Corporation ; World War I, Economic Mobilization for .