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149 billion dollar of freedom bonds

The entry of the United States into the war pushed the world war into the first place, and at the same time the American economy was the first to be affected. Woodrow? Wilson had not yet walked out of Congress, the news of the declaration of war reached Wall Street, and the stock exchange in New York was boiling all at once.

The stocks of arms companies are soaring like a drug, especially DuPont Gunpowder, which is unanimously optimistic about Wall Street investors, because this company has a monopoly on smokeless gunpowder technology in the United States and is also the largest gunpowder company in the United States.

From bullets to shells, DuPont Gunpowder has it all. Without the gunpowder it produces, most of the weapons of American soldiers would be "impotence". Therefore, the production of gunpowder is the foundation of the DuPont consortium's survival, and it is the real king of war.

In addition to DuPont Gunpowder, steel companies have also become the target of investors. U.S. Steel Corp., the largest publicly traded company in the United States, continues to be favored. On the day the war was declared, the stock price of U.S. Steel rose by several percentage points.

President Albert? Last year, in 1916, the U.S. Steel Company reported figures showing that the company's annual sales revenue was a staggering $1.23 billion, with profits exceeding $200 million

$1.2 billion, that's more than the federal government's normal tax revenue. Mr. Situ owns a small stake in the steel giant and received a lot of dividends last year. While he was happy, he also had indescribable envy - Morgan's guy was really lucky, they made a fortune

Now that the United States has entered the war, there is no doubt that the super steel giant has ushered in a new opportunity for development, so Wall Street investors almost immediately snapped up shares of American Steel.

The war is about steel production, and U.S. Steel accounts for more than 40 percent of U.S. steel production, and the merger of Bethlehem United Steel cannot shake the hegemony of U.S. Steel.

Fortunately, the current Bethlehem United Steel Company is not bad, his armor steel plate technology is the best in the United States, and the Bethlehem Shipbuilding Company is also the largest shipbuilding company in the United States, and after the war began, it received additional orders from the Navy.

After the last inspection by the Admiralty, Roosevelt sent a large number of orders for warships to the Bethlehem Shipbuilding Company, which in turn transferred some of the orders to Francis Shipbuilding in San Francisco and San Diego Shipyard in San Diego.

The Bethlehem United Steel Company's power table made Situ Nan's jealousy of American Steel a little less.

The United States entered the war, in fact, it was to fight for the production capacity of several heavy steel companies such as American Steel Company and Bethlehem Iron and Steel Company.

Taking advantage of the good market, the Hanniberg Fund under Robles Securities, which had been prepared for a long time, began to slowly sell off the shares of 2 US Steel Corporations held in its hands. In just three months, more than $50 million was swept away from the stock market.

In order to raise more funds, after selling the shares of the American Iron and Steel Company, Situ Nan transferred a small part of the shares of the United Steel Company of Bethlehem to the stock market, and after some operations, he successfully cashed out more than $20 million from them, and together with the funds raised from other companies, the total was almost $100 million.

"What? You're going to spend $100 million on freedom bonds? ”

Robles, who was on the other end of the phone, had a big head after listening to Situ Nan's plan, and it took him a whole year to digest the $300 million national debt from the British, and now Situ Nan wants to buy another $100 million in freedom bonds.

"War bonds are not as easy to sell as American bonds, don't look at the newspapers shouting every day to kill the Germans, but once the people are asked to spend money to buy free government bonds to pay for the war costs, they will hesitate. These days, the sales of freedom bonds are not ideal, do you want to wait first? ”

Robles on the other end of the line tried to persuade him.

For the whole year of last year, Robles Securities Company went to all the large and small banks in the east and west of the United States, selling US Treasury bonds everywhere, and was busy with all the work, and it had just come back for a few days to rest, and now it was going to the same thing again, so it was inevitable that there would be some prevarication.

Although he has done it once, he is familiar with it, and the sales network has been established, Robles still prefers to stay in the comfort of New York, after all, the current stock market is hot and gives Robles Securities a lot of opportunities.

"The sales of freedom bonds in New York have been cold these days, and some have had to sell them at low prices." Robles reminded Szeto Nandao.

"I know. Sooner or later, these bonds will appreciate in value, and if they don't come down now, they won't be so cheap. Let's take it down first. As for the issue of sales, the market in the west can be left to Wells Fargo, and it is believed that it will not be long before these bonds will be sold to farmers in the west. Situ Nan explained.

"Well, you're always right anyway." Robles, after receiving Situnan's orders, began to buy the first batch of liberty bonds issued by the Treasury in large quantities.

So the money that was finally collected from the stock market flowed into the account of Robles Securities, and soon after it was transferred to the account of the US Treasury Department, in exchange for a large number of free bonds.

On April 24, 1917, the U.S. Congress passed the first Emergency Loan Act, authorizing the Treasury Department to issue the first tranche of bonds of $500 million at an interest rate of 3.5%.

In October, a second $300 million free bond with an interest of $4 was issued.

The following year, in April and September 1918, in order to increase the purchase of the population**, the interest on the third and fourth tranches of war bonds was raised to 4.25, amounting to $300 million and $600 million, respectively.

In addition to the $3 billion in US Treasury bonds that the Americans bought back from Britain and France in the previous two years, the Americans directly paid a huge amount of $5 to 6 billion in bonds alone, and it can be said that the United States used money to defeat the Germans in concert with the Entente.

In fact, the United States paid much more for the war. The first batch of free bonds did not sell well, and when they were first issued, there was little enthusiasm among ordinary people, except for the major banks and financial institutions.

A lot of bond trading funds

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149 billion dollar of freedom bonds

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