Then I had no right to deprive the country of their services."[287] Goodwin described the group in her biography as a Team of Rivals.[288]

The Lincoln cabinet[289]OfficeNameTermPresidentAbraham Lincoln1861–1865Vice PresidentHannibal Hamlin1861–1865Andrew Johnson1865Secretary of StateWilliam H. Seward1861–1865Secretary of the TreasurySalmon P. Chase1861–1864William P. Fessenden1864–1865Hugh McCulloch1865Secretary of WarSimon Cameron1861–1862Edwin M. Stanton1862–1865Attorney GeneralEdward Bates1861–1864James Speed1864–1865Postmaster GeneralMontgomery Blair1861–1864William Dennison Jr.1864–1865Secretary of the NavyGideon Welles1861–1865Secretary of the InteriorCaleb Blood Smith1861–1862John Palmer Usher1863–1865
There were two measures passed to raise revenues for the Federal government: tariffs (a policy with long precedent), and a Federal income tax. In 1861, Lincoln signed the second and third Morrill Tariffs, following the first enacted by Buchanan. He also signed the Revenue Act of 1861, creating the first U.S. income tax—a flat tax of 3 percent on incomes above $800 (equivalent to $24,100 in 2021[290]).[291] The Revenue Act of 1862 adopted rates that increased with income.[292]
The Lincoln Administration presided over the expansion of the federal government's economic influence in other areas. The National Banking Act created the system of national banks. The US issued paper currency for the first time, known as greenbacks—printed in green on the reverse side.