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:
“What is Americanism? Every one has a different answer. Some people say it is never to submit to the dictation of a King. Others say Americanism is the pride of liberty and the defence of an insult to the flag with their gore. When some half-developed person tramples on that flag, we should be ready to pour out the blood of the nation, they say. But do we not sit in silence when that flag waves over living conditions which should be an insult to all patriotism?”
—Anna Howard Shaw (1847–1919)
“Don’t go on a man’s bond in public, nor guarantee his debts in private.”
—Chinese proverb.
“Don’t be so ready to defy everybody. Act as if you expected to have your own way, not as if you expected to be ordered about. The way to get on as a lady is the same as the way to get on as a servant: you’ve got to know your place.”
—George Bernard Shaw (1856–1950)