The Second Liberty Loan

A Creel Committee poster advertising the 2nd Liberty Loan, aimed at first-generation immigrants.

October 1 1917, Washington–By the beginning of October, the United States had over 60,000 Army personnel in Europe, though none were yet on the front lines.  Across the Atlantic, the first round of draftees were being trained, and the US was further gearing up its production of war materiel and providing financial assistance to her allies.  All of this was expensive work, and on October 1 subscriptions for a Second Liberty Loan opened, at similar terms to the first one (in May).  Like the first one, the second was quickly oversubscribed; the patriotic fervor of America’s savers had not been a temporary phenomenon.  Within a week, the loan was already 50% oversubscribed over its target of $3 billion (which was itself 50% larger than the first loan’s target).  

Today in 1916: Lt. Canaris Returns from Spain

Today in 1915: Advance Allied Parties Land at Salonika Amid Greek Confusion
Today in 1914: German Ground Assault on Antwerp Begins