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 boisterous sea of liberty is never without a wave.”
—Thomas Jefferson (1743–1826)
“They lived under a just and moderate government, and they admitted that one bond of their fidelity was that their rulers were the better men.”
—Titus Livius (Livy)
“But the whim we have of happiness is somewhat thus. By certain valuations, and averages, of our own striking, we come upon some sort of average terrestrial lot; this we fancy belongs to us by nature, and of indefeasible rights. It is simple payment of our wages, of our deserts; requires neither thanks nor complaint.... Foolish soul! What act of legislature was there that thou shouldst be happy? A little while ago thou hadst no right to be at all.”
—Thomas Carlyle (1795–1881)