Abstract

Finance
Hazlitt, Henry | May 11, 1918 issue

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The article analyzes the effect of Liberty Loans on the financial market of the U.S. The rise of prices late last week was a reminiscence to some people of the rise in prices for a few days just before subscriptions to the second Liberty Loan came to a close. Since the outbreak of war, Wall Street has manifested sometimes a great deal of concern and sometimes gorgeous expectations for the effects of Liberty Loans on the market. Three Liberty Loans provide no precedent for market movements during a loan campaign, for the simple reason that the market has acted differently during each period, so no precedents can be depended on for market movements after a loan.

See Also:

FINANCE -- United States; LOANS; SECURITIES markets; WAR; SECURITIES industry -- United States; UNITED States
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