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:
“... there was one of two things I had a right to, liberty, or death; if I could not have one, I would take de oder; for no man should take me alive; I should fight for my liberty as long as my strength lasted, and when de time came for me to go, de Lord would let dem take me.”
—Harriet Tubman (c. 1820–1913)
“Camillo. Prosperity’s the very bond of love,
Whose fresh complexion and whose heart together
Affliction alters.
Perdita. One of these is true:
I think affliction may subdue the cheek,
But not take in the mind.”
—William Shakespeare (1564–1616)
“We aim above the mark, to hit the mark. Every act hath some falsehood of exaggeration in it.”
—Ralph Waldo Emerson (1803–1882)