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 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)
“To speak or do anything that shall concern mankind, one must speak and act as if well, or from that grain of health which he has left.”
—Henry David Thoreau (1817–1862)