Second Liberty Bond Act
The 2nd Liberty Loan Act established an $15 billion aggregate limit on the amount of government bonds issued, allowing $3 billion more offered at 25 years at 4% interest, redeemable after 10 years. The amount of the loan totaled $3.8 Billion with 9.4 million people purchasing bonds.
Read more about this topic: Liberty Bond
Famous quotes containing the words liberty, bond and/or act:
“The planter, the farmer, the mechanic, and the laborer ... form the great body of the people of the United States, they are the bone and sinew of the country—men who love liberty and desire nothing but equal rights and equal laws.”
—Andrew Jackson (1767–1845)
“I made no vows, but vows
Were then made for me; bond unknown to me
Was given, that I should be, else sinning greatly,
A dedicated Spirit.”
—William Wordsworth (1770–1850)
“Mothers who are strong people, who can pursue a life of their own when it is time to let their children go, empower their children of either gender to feel free and whole. But weak women, women who feel and act like victims of something or other, may make their children feel responsible for taking care of them, and they can carry their children down with them.”
—Frank Pittman (20th century)