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  • 21-08-2020
  • Social Studies
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Explain the historical significance and evolving importance of bonds.

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PaRADoXs
PaRADoXs PaRADoXs
  • 21-08-2020

Answer:

The first U.S. government bond begins with the Revolutionary War, when the country issued its first bonds to raise money to fight the war. The Treasury offered loan certificates, the equivalent of bonds. In that year, private individuals bought more than $27 million in bonds to finance the war.

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