Faith in Canada. Use It All for Victory Bonds


This World War I poster, created by an unknown artist, shows a treasure chest and silhouettes of soldiers in the background. It was issued by Canadian authorities to promote the sale of Victory Bonds. As part of the British Empire, the Dominion of Canada was automatically engaged in the conflict and made a major contribution to the British war effort. A Canadian Expeditionary Force was hastily formed in the late summer and early fall of 1914, and on October 3, 1914, the first contingent of 33,000 Canadian soldiers sailed for Europe. To finance its participation in the war, Canada sold interest-bearing war bonds to its citizens. From 1915 to 1919, the Canadian government conducted five bond campaigns. Beginning with the fourth campaign in November 1917, these loans to the government were called Victory Bonds or Victory Loans. Loans were issued for 5-, 10-, and 20-year periods, in denominations as small as $50. The first Victory Loan was oversubscribed and collected $398 million. The second and third Victory Loans, issued in 1918 and 1919, yielded another $1.34 billion.

Last updated: October 25, 2013