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:
“I do esteem individual liberty above everything. What is a nation for, but to secure the maximum of liberty to every individual? What do you think a nation is?—a big business concern?”
—D.H. (David Herbert)
“Every doctor will allow a colleague to decimate a whole countryside sooner than violate the bond of professional etiquet by giving him away.”
—George Bernard Shaw (1856–1950)
“To die is not to play a part in society; it is the act of a single person. Let us live and laugh among our friends; let us die and sulk among strangers.”
—Michel de Montaigne (1533–1592)