First Liberty Bond Act
The 1st Liberty Loan Act established a $5 billion aggregate limit on the amount of government bonds issued at 30 years at 3.5% interest, redeemable after 15 years. It raised $2 Billion with 5.5 million people purchasing bonds.
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Famous quotes containing the words liberty, bond and/or act:
“You cannot have Liberty in this world without what you call Moral Virtue, & you cannot have Moral Virtue without the slavery of that half of the human race who hate what you call Moral Virtue.”
—William Blake (1757–1827)
“Love cools, friendship falls off, brothers divide: in cities, mutinies; in countries, discord; in palaces, treason; and the bond cracked ‘twixt son and father.”
—William Shakespeare (1564–1616)
“To act collectively is according to the spirit of our institutions.”
—Henry David Thoreau (1817–1862)