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:
“As liberty and intelligence have increased the people have more and more revolted against the theological dogmas that contradict common sense and wound the tenderest sensibilities of the soul.”
—Catherine E. Beecher (1800–1878)
“The principle of subordination is the great bond of union and harmony through the universe.”
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“When a uniform exercise of kindness to prisoners on our part has been returned by as uniform severity on the part of our enemies, you must excuse me for saying it is high time, by other lessons, to teach respect to the dictates of humanity; in such a case, retaliation becomes an act of benevolence.”
—Thomas Jefferson (1743–1826)