Title: 7 Accomplishments of Abraham Lincoln That Might Surprise You | Guy Counseling
Headings: 7 Accomplishments of Abraham Lincoln That Might Surprise You
7 Accomplishments of Abraham Lincoln That Might Surprise You
Abraham Lincoln and his accomplishments
1. Opening Settlement of the West through Homesteading
2. Authorizing The First Railroad Connecting the Atlantic and Pacific Coasts
3. Beginning the Land Grant Colleges
4. Coining the American Greenback dollar
5. Collecting the First Income Tax and Founding the IRS
6. Beginning the Secret Service
7. Instituting the first official Thanksgiving Day
Summing Things Up
About John D. Moore
373 Articles

Content: in principle you could redeem your money for precious metals at the specific bank where it was issued. Andrew Jackson had set this stage when, in populist fury, he revoked the charter of the national bank 30 years earlier. The War made the dollar. Lincoln realized that borrowing from banks was inefficient and insufficient to fund the Union army. By printing its own bills, the government could have unlimited access to money at a favorable rate. With the invention of the dollar, Lincoln rang in the modern era of the government borrowing money from itself. There have been some changes to the dollar – like the establishment of the Federal Reserve Bank in 1913 and Richard Nixon’s removal of the dollar from the gold standard in 1971. But the federal American currency started by Lincoln remains one of the strongest global currencies, and is gladly accepted as valuable tender all over the world. 5. Collecting the First Income Tax and Founding the IRS
Pressed by war to raise funds, Lincoln explored his options under the Constitution and created America’s first ever income tax in 1861.