Interest Rates and Issuing History
There were four issues of Liberty Bonds:
- Apr 24, 1917 Emergency Loan Act authorizes issue of $5 billion in bonds at 3.5 percent.
- Oct 1, 1917 Second Liberty Loan offers $3 billion in bonds at 4 percent.
- Apr 5, 1918 Third Liberty Loan offers $3 billion in bonds at 4.5 percent.
- Sep 28, 1918 Fourth Liberty Loan offers $6 billion in bonds at 4.25 percent.
Interest on up to $30,000 in the bonds was tax exempt.
Read more about this topic: Liberty Bond
Famous quotes containing the words interest, rates and/or history:
“If property had simply pleasures, we could stand it; but its duties make it unbearable. In the interest of the rich we must get rid of it.”
—Oscar Wilde (1854–1900)
“Families suffered badly under industrialization, but they survived, and the lives of men, women, and children improved. Children, once marginal and exploited figures, have moved to a position of greater protection and respect,... The historic decline in the overall death rates for children is an astonishing social fact, notwithstanding the disgraceful infant mortality figures for the poor and minorities. Like the decline in death from childbirth for women, this is a stunning achievement.”
—Joseph Featherstone (20th century)
“There are two great unknown forces to-day, electricity and woman, but men can reckon much better on electricity than they can on woman.”
—Josephine K. Henry, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 15, by Susan B. Anthony and Ida Husted Harper (1902)