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:
“Again we have here two distinctions that are no distinctions, but made to seem so by terms invented by I know not whom to cover ignorance, and blind the understanding of the reader: for it cannot be conceived that there is any liberty greater, than for a man to do what he will.”
—Thomas Hobbes (1579–1688)
“The principle of subordination is the great bond of union and harmony through the universe.”
—Catherine E. Beecher (1800–1878)
“The important thing is that when you come to understand something you act on it, no matter how small that act is. Eventually it will take you where you need to go.”
—Helen Prejean (b. 1940)