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.
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Famous quotes containing the words liberty, bond and/or act:
“When liberty is mentioned, we must always be careful to observe whether it is not really the assertion of private interests which is thereby designated.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“The bond between a man and his profession is similar to that which ties him to his country; it is just as complex, often ambivalent, and in general it is understood completely only when it is broken: by exile or emigration in the case of one’s country, by retirement in the case of a trade or profession.”
—Primo Levi (1919–1987)
“My dream thou brok’st not, but continued’st it.
Thou art so true that thoughts of thee suffice
To make dreams truths and fables histories;
Enter these arms, for since thou thought’st it best
Not to dream all my dream, let’s act the rest.”
—John Donne (1572–1631)