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 must study politics and war that my sons may have liberty to study mathematics and philosophy.”
—John Adams (1735–1826)
“Wedding is great Juno’s crown,
O blessed bond of board and bed!
‘Tis Hymen peoples every town,
High wedlock then be honorèd.
Honor, high honor, and renown
To Hymen, god of every town!”
—William Shakespeare (1564–1616)
“I have witnessed, and greatly enjoyed, the first act of everything which Wagner created, but the effect on me has always been so powerful that one act was quite sufficient; whenever I have witnessed two acts I have gone away physically exhausted; and whenever I have ventured an entire opera the result has been the next thing to suicide.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)