Second Liberty Bond Act of 1917

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The Second Liberty Bond Act of 1917 was a World War I-era U.S. law that authorized large-scale federal borrowing through liberty bonds and laid the groundwork for the modern federal debt ceiling system.

All labels observed (2)

Label Occurrences
Liberty Loan Acts 1
Second Liberty Bond Act of 1917 canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal statute ⓘ
war finance legislation ⓘ
affects Treasury borrowing practices ⓘ
structure of U.S. public debt ⓘ
aimsTo encourage public subscription to government war bonds ⓘ
mobilize domestic savings for war finance ⓘ
appliesTo United States Department of the Treasury ⓘ
authorizes issuance of certificates of indebtedness ⓘ
issuance of liberty bonds ⓘ
issuance of short-term Treasury obligations ⓘ
issuance of war savings certificates ⓘ
basedOnAuthorityOf Article I, Section 8 of the United States Constitution ⓘ
belongsToPeriod Progressive Era in United States history ⓘ
linked to: Progressive Era
codifiedIn Title 31 of the United States Code (as amended and recodified) ⓘ
contributesTo creation of the modern federal debt ceiling system ⓘ
enactedBy United States Congress ⓘ
enactedDuring World War I ⓘ
enactedInYear 1917 ⓘ
establishes overall limit on aggregate federal borrowing ⓘ
grantsPowerTo Secretary of the Treasury ⓘ
hasContext United States entry into World War I in 1917 ⓘ
hasCountry United States ⓘ
hasJurisdiction United States federal government ⓘ
hasLegalForm public law of the United States ⓘ
hasLongTermImpactOn United States public debt management ⓘ
federal debt ceiling framework ⓘ
hasPresidentAtEnactment Woodrow Wilson ⓘ
hasTypeOfInstrument Treasury certificate of indebtedness ⓘ
liberty bond ⓘ
short-term Treasury note ⓘ
war savings certificate ⓘ
historicalSignificance foundation for the statutory federal debt limit ⓘ
major expansion of federal borrowing authority ⓘ
partOf United States war finance during World War I ⓘ
predecessorOf later statutory federal debt limit laws ⓘ
primaryPurpose to authorize large-scale federal borrowing to finance U.S. participation in World War I ⓘ
regulates interest rates on certain federal obligations ⓘ
maturity of certain federal obligations ⓘ
terms and conditions of liberty bonds ⓘ
relatedTo First Liberty Bond Act of 1917 ⓘ
Fourth Liberty Bond Act ⓘ
Third Liberty Bond Act ⓘ
signedBy Woodrow Wilson ⓘ
subjectOf debates over the federal debt ceiling ⓘ
scholarship on U.S. fiscal history ⓘ
usedFor financing U.S. military expenditures in World War I ⓘ
financing allied loans and war-related programs ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

United States debt ceiling → historicalPrecedent → Second Liberty Bond Act of 1917 ⓘ
Liberty bond campaigns → legalBasis → Liberty Loan Acts ⓘ
linked to: Second Liberty Bond Act of 1917