Liberty Bond - Second Liberty Bond Act

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:

    ... woman’s narrow and purist attitude toward life makes her a greater danger to liberty wherever she has political power. Man has long overcome the superstitions that still engulf women.
    Emma Goldman (1869–1940)

    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)

    By act of Congress, male officers are gentlemen, but by act of God, we are ladies. We don’t have to be little mini-men and try to be masculine and use obscene language to come across. I can take you and flip you on the floor and put your arms behind your back and you’ll never move again, without your ever knowing that I can do it.
    Sherian Grace Cadoria (b. 1940)