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Wall Street's Financing of World War I
Kerry Segrave, author
To finance World War I the banking system created the Liberty Loan programs to pass much of the war costs along to the underclass, Those who refused to buy any bonds or less than their "fair share" were demonized by the capitalist class as "financial slackers." Such individuals were attacked in the media by the opinion makers of the day. No excuse for not buying was acceptable. Those who declined to purchase bonds were ruthlessly attacked by naming, shaming, force, and coercion.