What is Consol Bond? When did it start? Its importance in present scenario.

Consol Bond also called the perpetuity bond, that means there is no maturity period but the investor gets interest through out the lifetime.
       It was first started  by British government during first word war for raising money to finance the ongoing situation by asking the people "If you dont fight war, you can help the country by investing whatever you have".So many people chose to invest in Consol Bond
       As of today many people called the present crisis as war like situation, So the government can ask people to invest in Console Bond in sought of raising money to finance the ongoing economic crisis