...money for the war. Financing the war expensive, it was nearly costing the Dominion of Canada nearly 1 million dollars a day in 1916. Victory Bonds were established in 1917, and until 1919. They were offered to general public, with promise of a return of 5.5%. These victory bonds resembled the true Canadian identity for the war effort, as nearly 3 million Canadians contributed to raising over 1.7 billion dollars. This was because individuals were encouraged by the popular war time phrase, which was “Do Your Bit” to support the soldiers and the war efforts. Together, six war loans raised over 2.3 billion dollars, that supported the Trible Alliance economically....
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