A Liberty Bond was a war bond that was sold in the United States to support the allied cause in World War I. Subscribing to the bonds became a symbol of patriotic duty in the United States and introduced the idea of financial securities to many citizens for the first time. The Act of Congress which authorized the Liberty Bonds is still used today as the authority under which all U.S. Treasury bonds are issued.
Securities, also known as Liberty Bonds, were issued in the aftermath of the September 11, 2001 terrorist attacks to finance the rebuilding of the areas affected.
Read more about Liberty Bond: Interest Rates and Issuing History, First Liberty Bond Act, Second Liberty Bond Act, Sales Difficulties and The Subsequent Campaign, Victory Liberty Loan, Default of The Fourth Liberty Bond
Famous quotes containing the words liberty and/or bond:
“A Tory..., since the revolution, may be defined in a few words, to be a lover of monarchy, though without abandoning liberty; and a partizan of the family of Stuart. As a Whig may be defined to be a lover of liberty though without renouncing monarchy; and a friend to the settlement in the protestant line.”
—David Hume (1711–1776)
“Man’s characteristic privilege is that the bond he accepts is not physical but moral; that is, social. He is governed not by a material environment brutally imposed on him, but by a conscience superior to his own, the superiority of which he feels. Because the greater, better part of his existence transcends the body, he escapes the body’s yoke, but is subject to that of society.”
—Emile Durkheim (1858–1917)