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Liberty Loan Math Problems Created by Teachers of the Arnold Avenue School, World War I, c. 1917

Liberty Loan Math
New York State Archives, NYSA_A0412-78_B33_F11_LibertyLoanMath
 
Document Description
Mathematical word problems about Liberty Loans arranged by teachers of the Arnold Avenue School, World War I, c. 1917.
 
Questions
Where is Arnold Avenue Elementary School located?
List three specific suggestions this document gives to the reader on how to find money to buy thrift stamps.
What industries would be affected if children followed these suggestions?
How is this worksheet a form of propaganda?
 
Historical Challenges
Research the War Savings Stamps and Liberty Bond programs during World War I. Using the information collected, determine whether it was more profitable to buy the stamps or the bonds.
 
Interdisciplinary Connections
Math: Have the students complete the word problems.
ELA/Math: Write your own story problem focused on a current event in your society.
 
Resources
Kennedy, David. Over Here: The First World War and American Society. New York: Oxford University Press, 1980.
Monaghan, M.V. Uncle Sam’s Shelf IN Primary Education: A Monthly Journal for Primary Teachers. Vol. XXVI No. 1, p. 17, January 1918.
Wynn, Neil A. From Progressivism to Prosperity: World War I and American Society. New York: Holmes and Meier, 1986.
 

Historical Context
During World War I, the government relied heavily on war bonds to finance the war. However, many Americans could not afford even the cheapest war bond which cost 50 dollars. War bonds funded $21 million of the $33 million cost of the war. The Treasury Department began issuing Thrift Stamps and War Savings Stamps to bring in more money and allow those who could not afford to buy war bonds to contribute to the war effort.

Each stamp cost 25-cents and 16 stamps could be exchanged for a War Savings Certificate. These certificates were insured against loss and could be sold back to the post office with ten days written notice. War Savings Certificates accumulated 4 percent interest compounded quarterly and the investor did not pay taxes on the profit. If the purchaser chose to hold on to the certificate until January 1, 1923, the certificate would be considered mature and could be sold back to the government for 5 dollars. The Thrift Stamps raised $1 billion for the war effort.

School teachers brought this fund-raising effort to their students in an effort to encourage patriotism and teach the importance of saving. The teachers at Arnold Avenue Elementary School in Amsterdam, New York wrote these math problems in an effort to keep students thinking about the ways they could contribute to the war effort. 

 
Essential Question
How do nations finance a war?
 
Check for Understanding
Explain the multiple goals of this document.