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Essay

History Lesson

Essay specific features

 

Issue:

American History

 

Written by:

John M

 

Date added:

April 6, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 728

 

Was viewed:

1078 times

 

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Essay content:

Not then and not now, when we have another Congress controlled by rich people. Different war, same stupidity. For a long time after the financially disastrous mistakes of the 1776 period, American politicians at least tried to wage pay-as-you-go wars. The Lincoln Administration introduced the first federal income tax in an attempt to pay for the Civil War...
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The Lincoln Administration introduced the first federal income tax in an attempt to pay for the Civil War. It was not enough and thus the greenback, as the paper dollar was called then, rapidly lost buying power (inflation). Gold coins, of course, did not and it was not until a decade or so after the Civil War that the government succeeded in hardening up the greenback and putting it on a par with the gold coin dollar...
displayed 300 characters

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