What was the purpose of Liberty Bonds and Victory Bonds?

Liberty Bonds and Victory Bonds were war finance instruments issued by the U.S. government during World War I and World War II, respectively. Their primary purpose was to raise funds to support military operations and cover war expenses. Citizens purchased these bonds, effectively lending money to the government, which would be repaid with interest after a specified period. This initiative aimed to foster patriotism and encourage public participation in the war effort.